Section 412 under ERISA requires that every fiduciary of an employee benefit plan and every person who handles funds or other property of such a plan shall be bonded.
An Employee Benefit Plan is an attractive benefit for current and potential employees; with it comes the responsibility of ensuring the funds are well managed and secure.
The Department of Labor requires every fiduciary of an employee benefit plan and every person who handles funds or other property of such a plan shall be bonded. The bond protects the plan against loss by reason of acts of fraud or dishonesty on the part of persons required to be bonded.
Colonial Surety Company offers immediate online issuance of ERISA/Fidelity bonds for qualifying and non-qualifying assets.
*Extended Coverage with Five year bond term – maintain compliance for bonding requirements with the 5 year term. Bond limit increases as plan assets increase without incurring additional premium.
- Bond limit for qualifying and non-qualifying assets up to $5,000,000.
- 24/7 Access - Online transaction start to finish
- Auto Save Application or Complete in minutes
- Retroactive coverage available
- Credit Card and check payment options
- One and *Five year bond term
For personal protection include Fiduciary Liability Insurance. Learn more.
It’s never been easier to purchase fidelity bonds. Colonial Surety Company…Get direct!
We cannot emphasize the importance of reviewing your bonding coverage NOW, and regularly in the future. If you would like assistance in determining how bonding requirements affect your plan and any of Colonial Surety insurance products, please visit us online at www.colonialdirect.com or contact us at 1.800.221.3662.
Colonial Surety Company is Treasury listed, rated Excellent by A.M. Best Company, and is a leading provider of ERISA/Fidelity Bonds, Errors & Omissions Insurance and Fiduciary Liability Insurance.