- posted 10 years ago
I was looking up misc. 401k plans on brightscope.com and had a few
questions about interpreting the data.
That plan has $32 billion in assets and a fidelity bond of $110
That plan has almost a million in assets and a fidelity bond of half a
My question is... what is a fidelity bond in this context? If the
IBM 401k went completely insolvent would that mean that they'd split
$110 million up among the 220,000 people enrolled in the plan, or does
it mean that individual plans with up to a $110 million account
balance would reimbursed for that full amount? If the latter that
would seem to suggest that that's a good estimation as to the size of
the largest single account balance (probably the CEO or something).
That plan has zero enrollees, total assets of $3 million, and a
fidelity bond of $10 million. How is that possible?