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Home > Erisa Bond - 401KPlan Bond

ERISA Bond - 401K Plan Bond

 

The Employee Retirement Income Security Act (ERISA) sets rules and standards of conduct for private sector employee benefit plans and those that invest and manage their assets. ... An ERISA fidelity bond is a type of insurance that protects the plan against losses caused by acts of fraud or dishonesty.

ERISA is the Employee Retirement Income Security Act, a federal law enacted in 1974. ERISA established minimum standards for plan administrators and investment advisers to protect employee pension and health. ERISA Bond ERISA requires that plan officials who manage, oversee, recommend or handle funds or other property of an employee benefit plan must be covered by a personal fidelity bond, according to the U.S. Department of Labor.

 

Apply For a Free ERISA Bond Quote

 

 

Who Needs an ERISA Bond?

ERISA generally requires that every person who “handles funds or other property” of an employee benefit plan, including a 401(k) plan, be bonded.

 

What is the Difference Between ERISA Bond and Fidelity Bond?

An ERISA bond covers employees who manage or have fiduciary responsibility for the company's retirement fund. A fidelity bond covers employees who may not be able to receive a bond due to concerns with their personal background or employment history

 

How Much Does an ERISA Fidelity Bond Cost?

The fidelity bond must be at no less than 10% of plan assets with a minimum of $1,000 and a maximum of $500,000. And like all aspects of ERISA, there are important exceptions.

 

How Does ERISA Bond Work?

An ERISA fidelity bond is a type of insurance that protects the plan against losses caused by acts of fraud or dishonesty. ... The fidelity bond required under ERISA specifically insures a plan against losses due to fraud or dishonesty (e.g., theft) by persons who handle plan funds or property.

COMMERCIAL BONDS

Auto Dealer Bond
Auto Title Bond
Mixed Beverage Bond
Medicare DEMOS Bond
License & Permit Bond
Sales Tax Bond
Notary Public Bond
BMC-84 – Freight Broker Bond
All Commercial Bond

CONSTRUCTION BONDS

Bid Bond
Maintenance Bond
Payment Bond
Performance Bond
Subdivision Bond
All Construction Bond

COURT BONDS

Appeal Bond
Custodian Bond
Estate Bond
Executor Bond
Guardianship Bond
Probate Bond
Notary Public Bond
All Court Bond

FIDELITY BONDS

Fidelity Bond
Business Service Bond
Erisa
Conduct Bond
Tax Preparer Bond
Janitorial Bond

CONTACT US

ABC Bonding of Texas
8811 Westheimer Ste 207
Houston, TX 77063


Office Hours: 9:00 am to 5:00 pm
Phone: 800-374-9227
Local: 713-785-2138
Fax: 713-785-2711
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