ERISA Bonds Guide

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What is an ERISA Bond?

ERISA bonds are a type of fidelity bond that protect participants and beneficiaries of employee benefit plans. These bonds are sometimes referred to as ERISA bond insurance since it is in fact a type of insurance.

ERISA Fidelity Bond Requirements

ERISA bonds are required by law for employers who have employee benefit plans in place to protect the plan participants. The required bond must be equal to 10% of the maximum assets estimated to be held in the plan for the fiscal year. These requirements were enacted by the Employee Retirement Income Security Act (ERISA).

How Much Does an ERISA Bond Cost?

Costs are determined by your class of business, the dollar amount of coverage (which must be at least 10% of the amount of employee benefit plan funds held), and the number of employees that need coverage. Without having your specific information and knowing your exact bonding needs it's impossible to provide an idea of pricing. You can get a precise quote by filling out our ERISA bond application.

Frequently Asked Questions

Apply on our website, get an approval, provide payment and we will ship the bond out to you.

Usually it is optional. However, depending on your line of business and base of operations, both a license bond and a business service bond may be required to operate legally (e.g. moving service or security service businesses). Keep in mind, many consumers will not hire companies who are not "bonded and insured", which is referring to a business service bond.

Yes. There are no credit checks when applying for most business service bonds. However, credit may be pulled for larger business services bonds.

We have bond forms on file in our extensive bond form library, which we will provide when you apply.

You will receive notice from the bond company who wrote your bond, and it is very important that you respond. Then you will have the opportunity to refute any false claim and discuss the matter with the claims representative to prove that the claim is false.

You can take a look at our full list of fidelity bonds.

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