ERISA BOND

ERISA BOND

American Surety Bonds Agency makes it fast and easy for plan sponsors and fiduciaries to get their ERISA Bond — apply online and obtain your bond instantly.

Select your state below to get started, or contact us if you’re not sure which application applies to you.

An ERISA Bond guarantees that anyone who handles funds or property of an employee benefit plan — such as a 401(k) or pension plan — does so honestly. If a plan official commits fraud or dishonesty involving plan assets, the bond reimburses the plan for covered loss, up to the bond amount.

Federal law (ERISA Section 412) requires this bond for virtually every employee benefit plan covered by ERISA, with only limited exceptions. The required bond amount is at least 10% of the plan’s funds handled in the previous year, with a $1,000 minimum. Through Instant Issue, bonds are available up to $500,000 for single-employer plans; for larger plans or plans holding employer securities, contact us.

This bond goes by several names. You may also see it called:

• ERISA Fidelity Bond
• ERISA Surety Bond
• Plan Fidelity Bond

These generally refer to the same bond described on this page.

This bond is required for anyone who handles funds or property of an ERISA-covered employee benefit plan, including:

• Plan administrators
• Trustees
• Sponsors
• Anyone else with access to or control over plan funds or property

Federal law requires this bond for most ERISA-covered plans — it isn’t optional or client-driven the way some other commercial bonds are.

This bond is available through Instant Issue — no waiting on underwriting review. To complete the online application, you’ll need:

• The plan’s name and total assets, to confirm your bond amount
• Plan sponsor business name, address, and contact information
• A payment method to purchase your bond

Your bond is issued as soon as your application and payment are complete.

Coverage amounts range from $10,000 to $500,000, based on 10% of the plan’s total assets as required by federal law. Example Instant Issue pricing for a 3-year term: around $111 for a $10,000 bond, scaling up to about $496 for a $500,000 bond. Apply online to confirm your exact rate.

A signed indemnity agreement is required for bond amounts over $75,000.

Obtaining your ERISA Bond through American Surety Bonds Agency is simple:

1. Find your state in the list below and complete the online application.
2. Choose your bond amount and complete payment.
3. Receive your bond instantly.

Select your state to start your application:

American Surety Bonds Agency has been helping plan sponsors and fiduciaries meet their ERISA bonding requirements for decades. Whether you’re setting up a new plan or renewing coverage for an existing one, our experienced team is here to make the process simple and efficient.

When you choose American Surety Bonds Agency, you’ll receive:

• Experienced surety bond professionals
• Competitive rates from leading surety companies
• Fast underwriting and responsive customer service
• A secure online application process
• Instant bond issuance with no wait for underwriting

Above all, we’re committed to helping you meet your plan’s bond requirement quickly and correctly, with experienced guidance every step of the way.

Contact American Surety Bonds Agency toll-free at (877) 201-8976 or our Atlanta office at (404) 486-2355. Our team can help identify the right bond amount and confirm which state application applies to you.