Welcome to Surety Solutions, A Gallagher Company.

Get your ERISA Fidelity Bond online.

Surety Solutions Benetrends Financial Logo

Welcome to Surety Solutions, A Gallagher Company.

Get your ERISA Fidelity Bond online.

Steps to get an ERISA Bond
Surety Solutions Benetrends Financial Logo

Welcome to Surety Solutions, A Gallagher Company.

Get your ERISA Fidelity Bond online.

How much does an ERISA Fidelity Bond cost?

Estimated ERISA Fidelity Bond Costs*

*Actual costs vary by specific state and are based on carrier rate filings.

Bond Amount 3-Year Prepaid Premium
$25,000 $165
$50,000 $180
$75,000 $223
$100,000 $250
$125,000 $264
$150,000 $277
$200,000 $302
$250,000 $326
$300,000 $351
$350,000 $375
$400,000 $399
$450,000 $423
$500,000 $448

Why you need an ERISA Bond

The purpose of the Employee Retirement Income Security Act (ERISA) of 1974 is to protect participants and their beneficiaries of an employee benefit plan. The ERISA Fidelity Bond, a requirement of the U.S. Department of Labor, ensures the funds from 401k plans, pensions and other employee benefits are protected if you, the plan administrator, steals or performs other fraudulent acts.

You must adhere to this federal law and get an ERISA Bond if you are responsible for any of the following:

  • Disburse, move or negotiate plan funds
  • Implement or negotiate documents related to the plan
  • Physically handle checks, money or other assets of the plan

What is a Fidelity Bond?

See what our clients have to say about us on Google:

Client services provided quick and accurate responses.
James G.
James G.
17:49 30 Nov 21
Very helpful and they respond quickly to any questions.
Eva J.
Eva J.
16:46 30 Nov 21
Katrina Fearn, Client Service Manager at Surety, is an absolute pleasure to work with!! She is always highly responsive, and has provided me nothing but excellent service since our first interaction. I highly recommend working with her and the Surety team. They will always go above and beyond. Thank you for all that you've done!
Zakieh A.
Zakieh A.
16:38 04 Nov 21
I have been working with Steve Shike and he has been so helpful. I purchased the wrong bond and Steve instantly requested a refund on my behalf and called back with the good news. I appreciate him for helping me figure out my situation in such a timely matter. Thank you Steve for responding to my calls and emails promptly.
Ashley W.
Ashley W.
18:25 10 Aug 21
Gerry J.
Gerry J.
16:30 08 Aug 21
Katrina and Surety Solutions was awesome to work with and made the process seamless. Even after I, PERSONALLY, made a mistake and caused a delay, Katrina was able to spot my mistake and kindly address the error while still delivering my bond as if nothing had happened.I have nothing but good things to say about Surety Solutions.
Xavier A.
Xavier A.
15:40 22 Jul 21
jerry T.
jerry T.
04:44 03 Jul 21
Katrina and Surety Solutions were very helpful and fast. I needed to change the bond I ordered and they handled that within minutes. Their response time to emails and request were great and that is why I will continue to work them both. All I ask for is relatively decent response time when there are issues that need resolved and Katrina far exceeded that and was friendly on top of everything else. Well done.Kris
Kristopher M.
Kristopher M.
14:23 24 Jun 21
Grace answered the phone immediately with a positive attitude and willingness to help. She followed through professionally and promptly through entire process.
Danny S.
Danny S.
14:41 15 Jun 21
Surety Solutions has been the most amazing and easiest company to work with on Bonds in my past 17 years of doing insurance. They are very quick to respond and very personal to work with. Jake Durrant is absolutely the best!
Bonnie A.
Bonnie A.
20:39 20 May 21
Suzie T.
Suzie T.
17:14 07 May 21
Easy experience.
Tonya B.
Tonya B.
01:18 21 Apr 21
I had the pleasure of working with Katrina Fearn to obtain mortgage broker surety bonds and I can say with zero hesitation, that she is wonderful to work with. Extremely responsive, communicative and helpful. Surety Solutions + Katrina = Great Partnership. Thanks!!!
Ryan M.
Ryan M.
20:18 19 Apr 21
Can't say enough good things about Katrina Fearn, she was exceptionally prompt, responsive and a true professional in getting me the bond in a timely manner. Just amazing customer service.
Umesh M.
Umesh M.
23:34 07 Apr 21
I needed a copy of my bond and with people working form home I thought is was going to take a long time. I got an email with the copy of my bond with in minutes. Never seen anything like that. Very Professional and fast response. thank you for good business ethic
Ernesto U.
Ernesto U.
19:08 10 Feb 21
Just obtained Mortgage Broker Surety Bond for two states. not only the price was right but service and professionalism exceeded my expectations. i can't thank Steve enough and wish i knew them sooner.
Ruslan K.
Ruslan K.
22:43 08 Jan 21
I bought a surety bond for my business. The name on the application has my middle name on it and the policy didn't. That would or could have created a problem. I wrote to customer service to complain. Well not complain but ask for it to be changed. Since it was Thanksgiving weekend I wasn't expecting to hear back till this week sometime. Well to my surprise it was "Very" Quickly. JD was very helpful and professional. Fixed it then contacted me with the corrected version. Couldn't be happier. " Good Business is Good Business"
Darryk C.
Darryk C.
05:17 01 Dec 20
JP M.
JP M.
01:46 04 Nov 20
Amazing customer service and friendly and informative reps.
Obsesion H.
Obsesion H.
04:45 26 Oct 20
Surety solutions handled my request for a Guardianship Bond professionally, with great care and provided great value to my family. Of all of the insurance companies I contacted for my need, Surety Solutions was by far the most responsive, courteous and knowledgeable. I very much appreciate their fine service!!
Irena S.
Irena S.
03:00 25 Sep 20
The entire staff from Jake to Katrina were more than professional and bent over backwards to meet mine and The State of California's requirements
Kirk G.
Kirk G.
19:10 23 Jun 20
This process could not have been easier! Mr. Chipman sent me an email link and I just followed the steps. I highly recommend Mr. Beau Chipman to anyone who needs this service.
Sharon H.
Sharon H.
23:29 28 Apr 20
Justin R.
Justin R.
23:53 17 Mar 20
Outstanding customer service from Jake and the other folks at Surety Solutions! Shopped my surety bond with other companies and found the best price here by far.
Doss E.
Doss E.
03:42 11 Mar 20
Ed F.
Ed F.
20:00 05 Mar 20
Excellent service, best pricing, immediate communication! Keep up such a great work!!! Thanks!!!
Oksana B.
Oksana B.
06:41 05 Mar 20
The staff is very friendly and on more than one occasion went above and beyond normal customer service to make sure that we were fully taken care of. I would highly recommend this company.
Diana F.
Diana F.
07:20 24 Feb 20
Easy to work with, and extremely fast! I would definitely recommend!
Tiara A.
Tiara A.
03:01 31 Jan 20
Very timely and professional work on providing services to our firm. We are very satisfied.
sherry N.
sherry N.
17:44 22 Jan 20
Great service. No hassle. Great communication.Thank you Cryssi for the excellent service!!!
Ivan R.
Ivan R.
23:52 08 Jan 20
Cryssi B. went above and beyond to get my bond issued in record time and delivered incredible customer service throughout the process. So impressive and refreshing. I am so grateful.
Kerri L.
Kerri L.
03:29 14 Dec 19
Absolutely great to work with!
Katrina and M.
Katrina and M.
17:11 23 Oct 19
Quick and easy process to get my notary bond. Best price and the documents arrived by mail way faster than expected. I highly recommend.
M. G.
M. G.
03:56 23 Oct 19
Great communication, fast and to the point service. Great follow up too.
Pedro R.
Pedro R.
20:58 17 Oct 19
Katrina is very fast and responsive and we got our insurance in few hours! She is the best! We will collaborate again for sure! Thank you! 🙂
Petra G.
Petra G.
16:08 10 Oct 19
They helped so much when I went to my states tag office who denied my paperwork multiple times due to the format. Surety helped me every step of the way.
Lara C.
Lara C.
07:44 23 Sep 19
Super fast and professional service. Couldn't ask for anything better. Thank you guys.
Bill The K.
Bill The K.
15:16 11 Sep 19
Surety Solutions is a fantastic company to work with. I was in a unique situation and was having trouble finding a company willing to underwrite an estate conservatorship bond for me. Surety Solutions took the time to listen to me and shopped around with their underwriters and found someone willing to underwrite the bond. Having to experience the probate system is a major headache; however, Surety Solutions makes sure the bonding portion of it does not have to be 🙂
Tommy M.
Tommy M.
02:15 04 Sep 19
My experience with Surety Solutions agent (Katrina) was professional, solution-driven and responsive throughout the whole process. From applying for a bond quote to purchasing and receiving the bond was simple and efficient. My questions were answered promptly with upbeat attitude and patience. Customer service definitely exceeded beyond my expectations. I would certainly use their service again in the future.
Susan L.
Susan L.
16:07 20 Aug 19
OP
Sandra L.
Sandra L.
17:10 15 Aug 19
This place was actually super helpful, and really speedy! Their blog on their page has nice, easy to follow information, and their staff are super friendly and helpful. I was looking all over for some of this information, trying to weave through weird shady looking sites, and Surety Solutions really is the one to go with. quick, clean, trustworthy, professional. Thanks for all your help!
Audrey K.
Audrey K.
06:20 27 Jul 19
Surety Solutions was able to help me secure a bond and guide me through the probate process in a very friendly and competent way. I really appreciated their speed, efficiency, and knowledge.
Shana O.
Shana O.
18:14 22 Jul 19
I made a mistake in selecting the correct bond and they fixed it with a quick call.Thanks Again!
Jason D.
Jason D.
21:45 10 Jul 19
I worked with Cryssi at Surety Solutions in order to secure a $900,000 conservator bond. Their quote was by far the best out of several companies I requested quotes through ($2,110 vs. $3,500). Cryssi was always very helpful and responded very quickly during business hours and often during after hours via email. I will continue to work with and renew with their company especially if their quotes and customer service remain this excellent. Thank you again! MikeSo just an update to my original post. It was time to renew the conservator bond this year and Cryssi at Surety Solutions made the process extremely streamlined and convenient. I received an email stating it was time to renew the bond with a link to pay online. My rate didn't change at all and it took about 30 seconds to renew my bond. This has been an easy, convenient, and one of the most affordable companies to work with. Some of the best customer service in the market which is sometimes hard to find these days! Thank you again for an affordable quote which was seamless to renew. Thank you Cryssi!
Michael B.
Michael B.
20:24 30 Jun 19
They did everything they said they would & more! Great people excellent people skills polite and quick. Noproblems
Christopher F.
Christopher F.
19:08 24 May 19
I needed a California Certificate of Title Bond so I came to there site. This company was very professional and helpful. I appreciated there live chat options. There website was easy and fast to use. I had to call in and speak to someone and he (Thomas) was very helpful and polite. Thank you guys for a great experience if I ever need another Bond I will be using your company for sure! Keep up the great customer service. Thanks again!
John P
John P
17:59 30 Apr 19
Thank you Thomas and Katrina for the superb professional, fast service you both provided me. I shopped around online for a few days comparing Bond Companies and calling asking questions, and praying. Your website is a cut above the others; your process is quick, straight forth, no tricks nor confusion, but honest online service!I received a Great Rate for my bond compared to other companies, saving me money!Thomas answered my questions upfront with patience & clarity; & Katrina was right on top of email correspondence, my invoice, I received my email bond copy in hours of applying online & hard copy I received next day!Surety Solutions of Gallagher's overall process, Thomas & Katrina made sure, my experience with them was overall stress free, affordable & outstanding!I am still amazed how fast I received my hard copy bond from the time I started to finished, and with FedEx, I had my bond, No errors in my hand the next day! I thank GOD for the stress free & excellent service I received !
Jacqueline
Jacqueline
13:41 25 Apr 19
Beau was super helpful when I had questions about buying a used car from a seller with an unusual title situation. I have not bought a used car before, so it was very reassuring to talk through my concerns about the situations and the safest ways to move forward. He thoughtfully responded to my inquiries without pestering for my contact info or trying to sell me products - such customer service is hard to find these days! Thank you!
Michael S.
Michael S.
22:52 19 Apr 19
I had been dreading the red-tape of obtaining a surety bond for a lost vehicle title. I had just obtained a quote from another company online and was not pleased with the price. Surety Solutions was less expensive---by far---and their service was outstanding: efficient and polite. The quote was obtained, approval given, and the transaction was complete in a just a couple of hours. I could not be more pleased!
kathy B.
kathy B.
22:20 15 Apr 19
Huge Kudos to Cryssi @Surety Solutions! Thank you for being so responsive and accommodating with helping me get my Bond taken care of. It was a pleasure working with you and your company!Rob with Caliber Auto Sales
ROBERT S.
ROBERT S.
02:42 12 Apr 19
Brent W.
Brent W.
20:01 11 Apr 19
It was a very easy and smooth experience. I got the bond that I needed for a competitive rate. Cryssi was great.
Sheree M.
Sheree M.
15:39 10 Apr 19
Cryssi was my rep. Responds back on a timely manner. She goes above and beyond to insure customer satisfaction! I will do business with Surety Solutions again and recommend to others! Thank you Cryssi! From Bridge City Cleaners!
kimchibator
kimchibator
23:17 02 Apr 19
Cryssi saved the day. We were finally ready to submit our DBO app and realized we had the bond created in our previous business. Expecting a significant red-tape delay, we reached out to Cryssi who managed our little crisis with not only absolute professionalism, but with expedience. She was also so personable!
Deanne R.
Deanne R.
20:31 28 Mar 19
Cryssi & Danielle are great to work with. Very responsive and solution minded. We needed to extend the dates of our coverage and paperwork to show that coverage. They responded quickly and took care of us right away. Thank you!
Mark W.
Mark W.
00:24 28 Mar 19
Working with Cryssi at Surety Solutions is fast and easy!
Love of the Magic V.
Love of the Magic V.
16:31 26 Mar 19
They are quick to help you I will say that!!
Michael L.
Michael L.
17:46 22 Mar 19
Visited and contacted several different surety bond websites prior to seeing this one. Had my bond purchased in less than 10 minutes!!!!! Spoke with Cryssi and she was very professional, answered all of my questions and had my surety bond emailed to me within an hour, will receive the original one tomorrow morning!!!!! So pleased with Cryssi and the ease of obtaining the bond. Lastly, out of all of the places I contacted, this surety bond was $75.00 less than all of the other places that I checked into.
Toni R.
Toni R.
23:26 21 Mar 19
Great Customer Service! Was able to process my request and also review great information they provide - step by step guide amazing! quick and easy- best part of dealing with Title issues- HIghly recommend
CARLOS A.
CARLOS A.
18:14 19 Mar 19
Very,Very helpful and Very,Very fast same day it was like christmas i defiinitly recomend this company
Brandon C.
Brandon C.
02:23 13 Mar 19
I've always had the best experience with this company, and often try to imitate their high level of service in my own company. Cryssi answers my questions quickly and paperwork gets mailed right away. They obviously follow an efficient system that flows throughout the organization. Highly recommend!
Laura C.
Laura C.
18:01 06 Mar 19
I HAD A GREAT EXPIRENCE WORKING WITH THEM
LG T.
LG T.
17:00 04 Mar 19
Great company, really informative and responsive. Thomas was super helpful and patient as he walked me through a million questions that I had. I dealt with a few other less helpful companies before I selected this one. Highly recommend.
Melisande A
Melisande A
17:51 01 Mar 19
WOW! I am so glad I found this site. I called a local company and they wanted me to fill out and email so much information. With this company it was all online and easy and super fast. I also messed up and put the wrong expiration date and it was so easy to chat online and fix it. I paid for the faster shipping which is 2 business days, its so worth it. Thanks again Surety Solutions and to Beau who I was chatting with online, you were awesome.
anthony G.
anthony G.
18:45 27 Feb 19
These guys are very knowledgeable! They when out of their way to answer all my questions. I'll be getting my bonds from them.
TARC -Wealth Building Office L.
TARC -Wealth Building Office L.
00:29 27 Feb 19
Needed some quick assistance. and they were able to help me with the questions i had.
Kingtrix G.
Kingtrix G.
23:41 26 Feb 19
Beau helped me understand bonded titles and what I needed to ask my DMV when I thought I was in a hopeless situation! Thanks so much!
Sophia Rose W.
Sophia Rose W.
19:42 25 Feb 19
This was a pleasurable non stressful experience for me I was well informed and its gonna make it that much easier at the DMV NOW
Jennifer F.
Jennifer F.
23:01 22 Feb 19
Exceptional customer service.
Roman Y.
Roman Y.
16:18 22 Feb 19
gozie victor O.
gozie victor O.
00:05 22 Feb 19
My representative does a great job, always takes care of my needs and answers any questions I may have
Robert R.
Robert R.
13:29 20 Feb 19
Wonderful experience. Clear, concise explanation. I spoke with Beau and got all the information I needed to help me out.
David N.
David N.
00:04 20 Feb 19
The answers to my inquiry were so helpful and prompt iy was very encouraging. I sincerely appreciate the exoertise to get me started on a long awaited resolution to my title issue. Thank you so much!
Darrick H.
Darrick H.
14:23 16 Feb 19
Saraswoti B.
Saraswoti B.
22:33 13 Feb 19
Sunshine S.
Sunshine S.
21:13 13 Feb 19
Absolutely Fantastic. Though Katrina coud not help me she gave me 5 companies that could!
Tan-Jent Development Company, L.
Tan-Jent Development Company, L.
17:28 13 Feb 19
Very honest. Loved my chat
Pamela D S.
Pamela D S.
17:08 07 Feb 19
Fast, knowledgeable and friendly. Great experience.
don P.
don P.
23:46 06 Feb 19
Laura N.
Laura N.
23:34 06 Feb 19
Straight-forward and quick. Online form was very easy to fill out and I received our bond the very next day.
John K.
John K.
23:22 05 Feb 19
Katrina was amazing. She helped me through buying a vehicle with no title. Very confident and friendly. I would refer her to anyone. Thank you Katrina.
Brent S.
Brent S.
19:18 04 Feb 19
Amazing company that helps in anyway possible. They stay right on top of things with all available information right on hand. Great company to go with and without hesitation.
Suzelle R.
Suzelle R.
03:53 03 Feb 19
Surety Solutions was very helpful with answering son tough questions that I had. They were honest enough to make a recommendation to me, even though that recommendation would mean that I would not likely end up being a customer right now. However, I will definitely keep their number on file!
Hayward Bryant J.
Hayward Bryant J.
19:37 01 Feb 19
Chris Prolago (.
Chris Prolago (.
19:37 01 Feb 19
great help!
Eva A.
Eva A.
18:17 01 Feb 19
Fast and courteous service! Very detailed correspondence and Crissy made my transaction very easy and pleasant. Keep up the good work!
chanel M.
chanel M.
22:08 24 Jan 19
Beau is a great guy! Explained everything that I need to know and I wanted to learn!
Ercan G.
Ercan G.
00:58 23 Jan 19
Very respectful young man very helpful I appreciate it this time
Rick M.
Rick M.
00:04 23 Jan 19
I personally had a great experience with the customer service representative that I spoke with very nice, very well understood and straight forward.
Jaii N.
Jaii N.
00:00 23 Jan 19
Cryssy helped with my bond. Made it easy. I will be recommending this company to all.
Tim B.
Tim B.
10:38 20 Jan 19
Alexander V.
Alexander V.
19:35 17 Jan 19
Katrina Rocks! one of the best online chat experiences yet.extremely knowledgeable and patient quality service for sure. will definitely recommend to others.
Tina
Tina
18:59 17 Jan 19
elizabeth L.
elizabeth L.
18:46 17 Jan 19
Christopher F.
Christopher F.
00:55 15 Jan 19
Super easy to work with!
K S
K S
00:01 11 Jan 19
Howard G.
Howard G.
23:38 09 Jan 19
Very informative and knowledgeable. Answered the questions I had.
Stephanie M.
Stephanie M.
16:36 09 Jan 19
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How much do you enter for the bond amount

Getting quotes for your ERISA Fidelity Bond is quick and easy using our online application below. You’ll receive instant quotes after entering the bond amount you require.

Not sure what to select for your bond amount? We recommend contacting the U.S. Department of Labor to verify the amount of coverage they require of you. The amount you select needs to equal 10% of the total plan funds you handled last year or $1,000, whichever is more.

However, you will not pay the full bond amount. Depending on your bond amount requirement, your bond could cost as little as $165 for a 3-year term.

What does an ERISA Fidelity Bond cover?

Unlike traditional insurance, a Surety Bond is a mix of insurance and a line-of-credit. However, the ERISA Bond does not provide coverage for you, as the plan administrator. The bond serves the purpose of protecting the employees of the plan from financial loss.

The 3 parties associated with the bond are:

  • The Obligee – The employees associated with the benefits plan. They have the ability to make a claim against the Surety Bond if they suffer a loss due to fraud or mishandling of the funds by the principal.

  • The Principal – You, as the plan administrator, are the principal of this bond. If the surety pays out to the claimants due to a valid claim, the responsibility of repaying the surety back in full rests on you, the principal.

  • The Surety – The neutral third party you choose to issue your bond. An investigation takes place when a claim is made against the ERISA Fidelity Bond. If a claim is found to be valid, the surety will pay out up to the full bond amount.
An ERISA Bond protects 401K funds from theft and dishonesty by the plan administrator.

 If you are interested in coverage for yourself, purchasing Fiduciary Liability Insurance is an option. This type of insurance covers you, as the plan administrator in situations where you fail to maintain your fiduciary responsibilities. But, unlike the ERISA Bond, you do not need Fiduciary Liability Insurance to meet the U.S. Department of Labor’s requirements.

What are "non-qualified" assets?

A question on our ERISA Bond application below is “Does the plan include any non-qualified assets?” 

Money able to be used for any purpose and funded with post-tax dollars is considered non-qualified assets. Non-qualified investments typically don’t restrict your ability to contribute to them in a given year and don’t require you to withdraw money out of your account when you reach a specific age. Not all non-qualified investments grow on a tax-deferred basis.

Money specifically earmarked to provide income during your retirement years and is funded with pre-tax dollars is considered qualified assets. Qualified investments, such as your employer’s 401k, generally allow you to contribute to your account up to a dollar amount specified by the Internal Revenue Service (IRS) each year. Also, they penalize you for taking withdrawals before you reach the age of 59 and a half and require you to start taking withdrawals prior to turning 70 and a half years of age. 

The majority of qualified assets include provisions allowing both you and your employer to contribute to your retirement account. Contributions from both sources grow tax-deferred.

After you purchase your bond

When you receive your quotes, you’ll have the option to purchase your ERISA Fidelity Bond online. After purchasing your bond, you can instantly download your bond packet. You don’t have to submit your bond to the obligee, the U.S. Department of Labor. However, you will need to keep the bond in your records in case they perform an audit. Please make sure to also send a copy of your bond to your Benetrends representative.

Surety Solutions, A Gallagher Company is a Benetrends Financial partner.

Securing your bond through Surety Solutions, A Gallagher Company is quick and easy. Simply enter the bond amount you need below to view instant quotes from leading surety companies.

No credit check is necessary if your ERISA Bond amount is $500,000 or under, meaning you can purchase your bond immediately after completing your application. You also receive “Inflation Guard” with your ERISA Bond under $500,000. This means your bond premium will not increase if your plan funds increase mid-term and you’ll remain compliant with the U.S. Department of Labor Surety Bond requirement.

We are licensed to issue bonds in all 50 states. You can purchase your bond with confidence, as we’re a division of Arthur J. Gallagher & Co., one of the largest insurance brokers in the world.

ERISA Fidelity Bond FAQ

Most plan names consist of the company name and type of plan. For example, “Your Company, LLC Retirement Plan” or “Your Company Inc. Profit Sharing Plan”. Please verify with your Benetrends representative if you are unsure of your plan’s name.

These are great questions. However, we are unable to advise you on whether or not you need the bond or the bond amount. The U.S. Department of Labor requires this policy and is able to verify what you must have to remain in compliance. Their contact information can be found here. Your Benetrends representative might be able to assist you with verifying this information.

Our surety partners offer this policy starting with a bond amount of $25,000. However, our prices are competitive. Starting at under 1% of the bond amount for a 3 year term. Our bonds also include “Inflation Guard” to ensure you remain in compliance if your plan funds increase mid-term, at no additional cost in premium.

Our ERISA Fidelity Bonds are active for 3 years from the effective date you select. If you’re satisfied with the quote you receive, you may pay for your ERISA Fidelity Bond and be covered for the entire 3 years.

All of our ERISA Fidelity Bonds under $500,000 include “Inflation Guard”. So, you will not need to pay additional premium if your plan funds increase mid-term.

We will contact you within 90 days of the expiration of your policy to offer you a new quote. At this time we will evaluate if your bond amount needs to be increased or decreased and adjust your new premium accordingly.

If your company’s name appears in your plan name, you can select “No” to this question.

You can select “No” if your plan isn’t audited annually by a CPA. If you are unsure, please contact your Benetrends representative.

Benetrends should be your independent administrator. Please confirm with your Benetrends representative if you have any questions.

Typically, the rollover amount is included in your qualified plan assets. Please contact your Benetrends representative if you are unsure of the value of your qualified plan assets.

In this situation, you would select “Yes” for needing 2 signatures on our application. Please contact your Benetrends representative if you are unsure if signatures are required to withdraw from your plan.

Typically, Benetrends handles this responsibility. Please confirm with your Benetrends representative if you have any questions.

You can enter your name if you will be the one to deposit the funds into the plan. Please confirm with your Benetrends representative if you are unsure who is responsible for depositing the funds into the plan.

“Employer securities” refer to shares of stock, bonds or debentures issued by a corporation with interest coupons or in registered form. Please confirm with your Benetrends representative if you are unsure if your plan includes employer securities.

We are only able to offer the one-year term bonds to clients that are either planning on closing down their retirement plans or if they don’t have the cash flow to pay for the three-year term. If either of these apply to you, please let us know.

The industry standard on this bond type is a three-year term. This is because the three-year policies include “Inflation Guard” which means if your plan funds increase mid-term, you’ll remain in compliance with the U.S. Department of Labor without having to pay additional premium. Thus, you do not have to worry about paying for any additional premium caused by mandatory increases each year. The one-year term bonds do not include inflation guard.

If there were plan assets last year, then there would be a need for a bond this year. The ERISA is assessed on a year average and lags to the next year. Usually, it is a 3 year period, but ERISA can be on a yearly basis as well. So, if you had assets in your plan last year, then yes, a bond is required. 

If you have any questions, get in touch with our bond experts by sending an email to customercare@suretysolutions.com or call 833.922.3059.

Get your ERISA Fidelity Bond quote

Please answer the following questions to get your ERISA Fidelity Bond quote.

Have a question? Send an email to customercare@suretysolutions.com or call 833.922.3059.

Please note, we can only answer general questions about the bond. If you are unsure of the answer to a question on this application, we recommend contacting your Benetrends representative.

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