How We Provide ERISA Dishonesty Bonds

We specialize in providing fast, affordable, and fully compliant ERISA Dishonesty Bonds for businesses of all sizes. Our process is streamlined to ensure you remain compliant with ERISA regulations without delays or excessive paperwork. Simply click the Apply Now button to start!

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What Are ERISA Dishonesty Bonds?

An ERISA Dishonesty Bond (also known as an ERISA Fidelity Bond) is a federally required insurance policy designed to protect employee benefit plans from losses due to fraudulent or dishonest acts committed by plan fiduciaries or individuals handling plan funds. Under the Employee Retirement Income Security Act of 1974 (ERISA), any person who manages or has control over plan assets must be bonded to safeguard plan participants and beneficiaries.

Why Are ERISA Dishonesty Bonds Required?

ERISA mandates that every fiduciary and any person who handles funds or property of an employee benefit plan be bonded for at least 10% of the plan assets they oversee, with a minimum bond amount of $1,000 and a maximum of $500,000 per plan ($1 million for plans that hold employer securities). This ensures that retirement and pension plans are protected against financial losses resulting from fraud, embezzlement, or other dishonest activities.

Who Needs an ERISA Dishonesty Bond?

Businesses that sponsor 401(k) plans, pension plans, and other retirement or employee benefit plans must secure an ERISA Dishonesty Bond to comply with federal regulations. Plan fiduciaries, administrators, trustees, and any individual with authority over plan funds must be bonded.

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