Federal (ERISA / U.S. Department of Labor)

ERISA Fidelity Bond (401k)

Sponsor a 401(k) or other retirement plan? Federal ERISA law requires a fidelity bond protecting the plan. We place them fast and inexpensively.

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Key facts

Bond amount: 10% of plan funds, $1,000 to $500,000
Authority: Federal (ERISA / U.S. Department of Labor)

The premium is a percentage of the bond amount, set by underwriting. The figures above are the bond amounts, not what you pay.

Illustration for the ERISA Fidelity Bond (401k)

What it is

An ERISA fidelity bond protects a retirement plan against losses from fraud or dishonesty by the people who handle its funds. ERISA generally requires coverage of at least 10% of plan funds, with a $1,000 minimum and a $500,000 maximum, or up to $1,000,000 for plans that hold employer securities.

Who needs it

Employers who sponsor a 401(k) or other ERISA retirement plan
Plan fiduciaries and anyone who handles plan funds

Bond amounts and requirements are general guidance and can change. Confirm the current requirement with the listed agency before you file. We will quote your exact bond.

Tough credit or a prior claim? It's welcome here. See how we place hard-to-place surety bonds, or get a quote and we'll place your exact bond.

Questions

ERISA Bond FAQs

How much ERISA bond coverage do I need?

Generally at least 10% of the plan funds handled, with a $1,000 minimum and a $500,000 cap, or up to $1,000,000 if the plan holds employer securities. Plans holding non-qualified assets can require higher limits. We will size it to your plan and quote it.

Is an ERISA bond the same as fiduciary liability insurance?

No. The ERISA bond protects the plan against theft and is legally required. Fiduciary liability insurance protects you, the fiduciary, and is optional. Many sponsors carry both.

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