ERISA/401K/Pension Bonds

What is an ERISA Bond?

An ERISA bond is a fidelity bond required by the Employee Retirement Income Security Act (ERISA) to protect retirement plan assets from fraud or dishonesty by plan fiduciaries. Federal law requires anyone who handles 401K, pension, or profit-sharing plan funds to be bonded.

ERISA bond requirements:

Coverage amount: At least 10% of plan assets handled, minimum $1,000
Maximum required: $500,000 for most plans, $1,000,000 for plans holding employer securities
Who needs it: Plan administrators, trustees, and anyone handling plan funds

What is an ERISA Bond?

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