ERISA / Fidelity Bonds

ERISA mandates qualified plans be covered by a fidelity bond. The minimum required bond amount is 10% of plan assets as of the beginning of the plan year plus the anticipated contribution for the plan year or $1,000, whichever is greater. The maximum required bond amount is generally $500,000.

Every administrator, officer, and employee of any plan who handles funds or other property of such plan must be bonded. The bond protects the plan against loss “by reason of acts of fraud or dishonesty” on the part of an administrator, officer, or employee.

We have partnered with Colonial Surety Company, a leading provider of ERISA/Pension Fidelity Bonds. They are a national insurance company registered in all 50 states and all territories, providing insurance products since 1930. They are the largest direct seller of ERISA/Pension Fidelity Bonds in the U.S.

How to Obtain a Fidelity Bond

  • The insured on the policy must be the plan(s).
  • The annual 5500 filing requires fidelity bond disclosure.
  • Plans not adequately covered by a fidelity bond will be required to have an independent plan audit performed.
  • A fidelity bond is required by all plans that are subject to Title I of ERISA. A plan that covers only partners and sole proprietors, and any of their respective spouses, is deemed to be an owner only plan. Plans that cover only owners, are not subject to Title I of ERISA and not required to acquire a fidelity bond.
  • For a list of federally certified surety companies go to: Learn More
  • Additional information about fidelity bonds is available at: Learn More

We have partnered with Colonial Surety Company, a leading provider of ERISA/Pension Fidelity Bonds. They are a national insurance company registered in all 50 states and all territories, providing insurance products since 1930. They are the largest direct seller of ERISA/Pension Fidelity Bonds in the U.S.
Just click on one of their links below to get a quote or apply online for the immediate online issuance of a fidelity bond.

Colonial Surety | Get a Quote
Colonial Surety | Apply Now!

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