What are ERISA Bonds?
An ERISA surety bond provides fidelity (theft) coverage for the people responsible for the management and administration of a company’s pension, 401k, or other benefit plans. The bond is required under the Employee Retirement Income Security Act.
Learn more about ERISA bonds with our blog post: Top 3 ERISA Fidelity Bond Questions Answered
What Bond Amount Do I Need?
The bond amount should be a minimum of 10% of the amount of the funds handled the previous year.
The ERISA bond offered by Surety1 includes “Inflation Guard” which offers automatic increases in the bond amount if the value of the assets increase during the term of the bond, without increasing the premium!
These bonds are instant issue, meaning there is no credit check. The bond can be quoted in a matter of hours and can be delivered the next business day. All that is needed to issue the bond is a completed application.
Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price!