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ERISA Fidelity Bond

The Employee Retirement Income Security Act of 1974 (ERISA) requires plan officials who handle funds of an employee benefit plan to be bonded. The amount of the bond is set at no less of 10% of the amount of funds handled with a minimum bond amount of $1,000 and a maximum of $500,000. The maximum bond amount for plans which hold employer securities is $1 million.

Such bond must provide protection to the plan against loss by reason of acts of fraud or dishonesty on the part of the plan official, directly or through connivance with others. The bond must be issued by an acceptable insurance company under the authority granted by the Secretary of the Treasury.

We offer ERISA fidelity bonds through Travelers with bond limits up to $1 million. The bonds are not available to union plans and to plans that have non-qualifying assets. The pricing for a three-year bond is as follows (click on the application to see all bond limits):

Bond Limit 3 Year Premium Bond Limit 3 Year Premium
$100,000 $257 $350,000 $408
$150,000 $288 $400,000 $436
$200,000 $319 $450,000 $467
$250,000 $348 $500,000 $496
$300,000 $379 over $500,000 call us

ERISA bond application

Call us to discuss your ERISA fidelity bond needs.