Erisa / 401K Surety Bond Apply now

What is an ERISA / 401K Surety Bond?

Erisa Section 412 requires that every person who controls or handles 401K plan assets to obtain an ERISA / 401K Surety Bond. The ERISA / 401K Surety Bond provides protection to the plan against loss stemming from fraudulent or dishonest actions by the person(s) controlling the plan.

 

What is the current market for an ERISA / 401K Surety Bond?

ERISA / 401K Surety Bonds are widely written by multiple surety bond markets. The ERISA / 401K Surety Bond amount must equal 10% of the plan’s assets up to a maximum requirement of $1 million per plan. Terms of approval for the ERISA / 401K Surety Bond are largely determined by previous losses to the plan if any. Typical annual premium for the ERISA / 401K Surety Bond starts at $100 with the option for reduced premiums for 2 and 3 year terms.

 

How do I apply for an Erisa/401k Surety Bond?

  1. Complete our online Erisa/401k Surety Bond application, or
  2. Download and complete our printable Erisa/401k Surety Bond application, and
  3. Receive your surety bond quote in minutes!

Apply now

Please note that additional underwriting information may be needed depending on bond request, information submitted, and to obtain the lowest possible rate.

Need to make a payment?