ERISA Bond - Let us find your best bond rate - the fidelity bond your benefit plan requires
Federal law requires anyone who handles 401(k), pension or welfare plan money to be bonded for at least 10% of plan assets. The DOL checks this on Form 5500. Send us a few details and we will shop 50+ carriers for your best rate – no cost, no obligation. Prefer to talk? Call 800-616-3490.
ERISA Bond Quote Request
Applicant Information:
Have these handy
- Plan name and type
- Total plan assets
- Form 5500 plan number
- Plan administrator name
Related coverage
What ERISA Bond coverage includes
Federal law requires anyone who handles 401(k), pension or welfare plan money to be bonded for at least 10% of plan assets.
- Required by ERISA - Meets the bonding rule under ERISA section 412.
- Plan asset protection - Covers theft or fraud of plan funds by fiduciaries.
- Form 5500 compliance - Lets you answer yes on the bonding question.
- Multi-year terms - Three-year terms lock in a low premium.
- Inflation guard - Optional automatic increase as plan assets grow.
Good to know: the bond must equal at least 10% of plan assets (minimum $1,000, maximum $500,000, or $1M for plans holding employer stock) – many owners buy three years at once.
Not covered: fiduciary mistakes that are not theft (that needs fiduciary liability) and losses to the employer rather than the plan.
Insurance Application:
ERISA BondBegin Application
Required forms
ERISA Bond Supplemental Application (PDF)Want to save and finish later? Complete it online
Download, complete and email to quote@societiesinsurance.com, or attach it with your quote request.
Prefer to talk?
- Toll-Free: 800-616-3490
- East Coast: 706-550-4418
- West Coast: 206-755-0101
- info@societiesinsurance.com
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