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