29 CFR 2580.412-13
§ 2580.412-13 The meaning of “funds” in determining the amount of the bond.
United States · 29 CFR — Labor · Status: effective
Cite this
- Citation
- 29 CFR 2580.412-13, § 2580.412-13 The meaning of “funds” in determining the amount of the bond, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/130555
- Permanent ID
ys:prov:130555@1- SHA-256
d3a5ca21b91bdcd77d5a2decf092e05eea20c1f4b21f370ceafb94f8e49e3759
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The amount of the bond depends on the amount of “funds” “handled”, and shall be sufficient to provide bonding protection against risk of loss through fraud or dishonesty for all plan funds, including other property similar to funds or in the nature of funds. As such, the term “funds” shall be deemed to include and be equivalent to “funds and other property” of the plan as described in § 2580.412-4. With respect to any item of “funds or other property” which does not have a cash or readily ascertainable market value, the value of such property may be estimated on such basis as will reasonably reflect the loss the plan might suffer if it were mishandled.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.