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Platinum Bonds Insurance Agency

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ERISA Fidelity Bond

This federal bond protects employee benefit plans (like 401(k)s and pension plans) from fraud or dishonesty by plan officials who handle plan money. It's required by ERISA Section 412 and must cover at least 10% of the plan funds handled, with a minimum of $1,000 and maximum of $500,000 per official (or $1 million for…

Bond amount$1,000
State or jurisdictionIllinois
ObligeeU.S. Department of Labor, Employee Benefits Security Administration

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

This federal bond protects employee benefit plans (like 401(k)s and pension plans) from fraud or dishonesty by plan officials who handle plan money. It's required by ERISA Section 412 and must cover at least 10% of the plan funds handled, with a minimum of $1,000 and maximum of $500,000 per official (or $1 million for…

Who usually needs it

Every person who handles, receives, disburses, or exercises custody or control over employee benefit plan funds or property, including plan administrators, trustees, officers, employees, and certain service providers with access to plan assets. Fiduciaries only need bonding if they actually handle funds.

Pricing & timing

What to expect.

Generic pricing

Pricing depends on bond amount, your credit, business details, and the state. The exact quote comes from the application.

Your quote determines the actual premium.

Typical timeframe

Many license bonds can be ready the same day. Court, probate, and larger contract bonds can take a few business days when underwriting needs more information.

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“Finally a company that understands what customer service is supposed to be.”

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“My bond application was processed and received very quickly.”

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“I highly recommend you do business with these folks.”

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23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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