ERISA Bonds

Employee Retirement Income Security Act (ERISA) bonds are required for sponsors or employers who manage employee retirement accounts such as 401(k), 403(b), or pension plans. An ERISA bond is a type of fidelity bond that protects benefit plan participants from loss due to fraud or dishonesty, such as embezzlement or fraud. According to ERISA, a company must have a bond amounting to no less than 10 percent of the value of the plan, up to a maximum bond amount of $500,000. Every individual, sponsor, or “fiduciary” who handles the retirement plan, must be bonded.

ERISA Bond Rates for 3-Year Term:

Policy Limit Premium (3-Year Term)
$10,000 $100
$50,000 $162
$150,000 $263
$200,000 $290
$300,000 $344
$400,000 $398
$500,000 $450

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