Statutes, codes, and regulations
New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRSChapter 37 - MUNICIPAL, COUNTY AND AUTHORITY EMPLOYEES DEFERRED COMPENSATION PLANS
Subchapter 6 - THE LOCAL PLAN ADMINISTRATOR AND PLAN MANAGER
Section 5:37-6.3 - Bonding and evidence of insurance-self-administered plan

N.J. Admin. Code § 5:37-6.3

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Current through Register Vol. 57, No. 1, January 6, 2025
Section 5:37-6.3 - Bonding and evidence of insurance-self-administered plan
(a) The plan manager of a self-administered plan shall post a bond obtained from an organization duly authorized and licensed to provide such bond in the State of New Jersey, to protect the plan and the employer from any loss resulting from fraud or dishonesty. Evidence of such bond or ability to obtain such bond shall be provided to the employer and to the Director.
(b) The amount of the bond shall not be less than 100 percent of the amount of funds managed by the plan manager.

N.J. Admin. Code § 5:37-6.3

Recodified from N.J.A.C. 5:37-6.2 and amended by R.1999 d.58, effective 3/1/1999.
See: 30 New Jersey Register 3989(a), 31 New Jersey Register 673(b).
Substituted references to plan managers for references to administrators throughout. Former N.J.A.C. 5:37-6.3, Document retention, recodified to N.J.A.C. 5:37-6.4.