Generic pricing
Pricing depends on bond amount, your credit, business details, and the state. The exact quote comes from the application.
Platinum Bonds Insurance Agency
Research before you apply.ERISA Fidelity Bond
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…
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.
Typical timeframe
Many license bonds are approved the same day. Court, probate, and larger contract bonds can take a few business days when underwriting needs more information.
Details
Bond details.
More bonds
Keep researching.
Next step
Ready to move forward?
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.