ERISA Policy - Nebraska — required surety bond in Federal. Apply online in minutes.
An ERISA fidelity bond is a specialized policy that protects employee benefit plans from financial losses due to fraud or dishonesty. It guarantees that the funds within retirement or pension plans are safeguarded against theft or embezzlement by those managing the assets. Because requirements can vary, you must verify all specific coverage details with the overseeing agency.
This bond is typically required for plan fiduciaries, trustees, administrators, and any other personnel who directly handle funds or property of an employee benefit plan in Nebraska. Whether you are managing a corporate 401(k) or a union pension, you generally need this coverage if you have access to the plan's assets.
The federal government generally requires this bond to protect plan participants and their beneficiaries from the mishandling of their retirement savings. By requiring a bond, the obligee ensures there is a financial safety net in place if a plan official commits a dishonest act. Specific bonding requirements vary based on the plan's characteristics, so applicants should always verify exact mandates with the issuing agency.
Securing your bond through Noah Insurance Agency is simple. Click Apply Now to complete our secure, ~5-minute online application. Once processed, your bond will be delivered directly to you by email.
Premiums vary based on the total bond amount required and the characteristics of the plan. Please apply online with Noah Insurance Agency or call 814-718-0060 for an exact quote.
Required bond amounts vary depending on the total funds handled by the plan and the types of assets held. You must verify your exact bonding requirement with the Department of Labor or your plan advisor.
No, an ERISA fidelity bond protects the plan itself from theft or fraud committed by those handling the funds. It does not provide fiduciary liability protection for the individuals managing the plan.
Approval times vary depending on the complexity of your plan and the underwriting process. Apply online through our secure portal to get your bond processed as quickly as possible.
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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