Which of the following is a requirement for plans covering individuals who handle funds or other property?

Plans that cover individuals who handle funds or other property must comply with the requirement of having an ERISA fidelity bond. This bond acts as a form of insurance designed to protect employee benefit plans against losses caused by acts of fraud or dishonesty by individuals who manage or handle the plan's assets. The bond requirement is outlined in the Employee Retirement Income Security Act (ERISA), which mandates that plan fiduciaries must be bonded to ensure there is a financial safety net in case of misconduct.

The need for an ERISA fidelity bond is focused specifically on protecting the assets of the retirement plans and ensuring that those who are in a position of trust over the funds are held accountable. This enhances the security of plan assets and provides a level of reassurance to the plan participants that their retirement savings are safeguarded against potential mismanagement or fraudulent activities.

Other options, although related to financial security, do not meet the specific regulatory requirements established under ERISA for fidelity bonds in this context.