The Employee Retirement Income Security Act of 1974 (ERISA) imposes specific and mandatory requirements on trustees of most retirement and health plans established by private entities. Would you like to understand exactly what ERISA is, why a plan and it’s trustee must be covered by a fidelity bond, and how much bond you must purchase? Ok, you asked for it! You can become an ERISA bond expert by reviewing the Q&A provided by the U.S. Department of Labor on Field Assistance Bulletin 2008-04 here. (This hotlink to take us to the Q&As)
We are fanatically focused on the needs of our clients. Our job is to make compliance with the federal ERISA bond requirement as well as the placement of the clients’ adjacent insurance needs simple and fast while also providing highly rated, stable carriers to back those obligations.
Inexpensive premiums with a multi-year discount, simple application and no-worry ERISA bond inflation guard provision built-in. Perfect for private, non-profit and publicly traded companies.
Cover for your employee benefit plan for theft, embezzlement, forgery, misappropriation, abstraction, criminal conversion, and negligent misapplication of funds.
Special expertise in underwriting surety, ERISA bonds and non-standard fidelity bonds. Multiple markets and significant surplus lines capacity.
Fidelity and surety bonds specialists with answers available seven days a week by email, instant message and telephone.
ERISA Bonds, like all federal surety bond obligations must be issued by sureties that are licensed and appear on the U.S. Treasury’s list of approved providers. Licensing, federal approval the the “T-List” and an insurer’s AM Best rating are important.
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