Also know as Fidelity Bond, Personal Fidelity Bond, Erisa Bonds
An ERISA Bond is required by the U.S. Department of Labor for individuals who manage funds or other property of an employee benefit or 401k plan. This surety bond helps protect members of the plan against any fraud. The bond coverage must be at least 10 percent of plan assets up to a maximum bond amount of $500,000. It is unlawful for any employee benefits plan official to handle assets without being bonded.
The Surety Group has in-house underwriting authority which enables us to offer discounted programs, waive requirements for many of our liquor bond programs, and work with businesses with surety support challenges. If you are unsure about the requirements or how to apply for a bond, please call us at 800-486-8211. You will speak directly to an underwriter.