ERISA Bond (Employee Retirement Income Security Act) Surety Bonds

ERISA, or Employee Retirement Income Security Act, protects participants and beneficiaries from the dishonest acts of a fiduciary who handles plan assets. ERISA, passed in 1974, requires among other things that every fiduciary of an employee benefit plan who handles plan funds or assets be Bonded by a Surety on the US Treasury List of Acceptable Sureties on Federal Bonds known as the Circular 570.

Coverage amount required must be equal to or greater than 10% of the total plan assets, with a minimum penalty of $1,000 and a maximum penalty of $500,000. The exception is when the investments are part of an ESOP, and in such a case, the maximum Bond penalty is $1,000,000.

Illinois

Name Obligee Actions
ERISA Bond (Employee Reitrement Income Security Act) Company Pension or Retirement Plan Learn More Buy Now

Wisconsin

Name Obligee Actions
ERISA Bond (Employee Reitrement Income Security Act) Company Pension or Retirement Plan Learn More Buy Now