ERISA Policy - Georgia — required surety bond in Federal. Apply online in minutes.
An ERISA bond is a federal fidelity bond that protects employee benefit plans from financial losses caused by acts of fraud or dishonesty. It guarantees that plan participants and beneficiaries will not lose their retirement or health plan funds due to theft, forgery, or misappropriation by those who manage the plan.
Individuals or businesses acting as fiduciaries, administrators, or trustees of employee benefit plans typically need this bond. This includes employers in Georgia and nationwide who sponsor qualifying retirement plans, pensions, or health benefit plans.
The U.S. Department of Labor generally requires this bond to safeguard employee retirement and health plan assets against misappropriation. The obligee requires the bond to ensure that any fiduciaries handling the funds are held financially accountable for fraudulent actions. Requirements vary, so always verify exact compliance needs with the issuing agency.
To get started, simply click Apply Now to complete our secure online application in about five minutes. Once your application is processed, your bond will be delivered directly to you by email. For assistance, contact Noah Insurance Agency nationwide at 814-718-0060.
Premiums vary based on the required bond amount and the applicant's specific qualifications. Please apply online for an exact premium quote from Noah Insurance Agency.
Bond amount requirements vary based on the total assets handled by the plan. You must verify the exact required figure with the U.S. Department of Labor or your plan advisor before purchasing.
No, they serve different purposes. An ERISA bond protects the plan itself from fraudulent acts by those handling the funds, while fiduciary liability insurance protects the fiduciaries against claims of breaching their administrative duties.
Approval times vary depending on the underwriting process and the details provided in your application. Submit our secure online application to get your bond processed efficiently.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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