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 |
