ERISA Bonds
Blaikie Group is a trusted national leader in providing ERISA Bonds to businesses and fiduciaries managing employee benefit plans. As one of the nation’s largest volume bond producers, we make it easy and affordable to comply with Department of Labor requirements through fast service, competitive rates, and expert support. If you’re responsible for handling retirement funds or other benefit plan assets, securing an ERISA Bond is not optional — it’s required by federal law.
What Is an ERISA Bond?
An ERISA Bond, also known as an ERISA fidelity bond, is a type of surety bond required by the Employee Retirement Income Security Act (ERISA) of 1974. It is designed to protect employee benefit plans from losses caused by acts of fraud or dishonesty committed by those who handle plan funds or other assets. In short, if a plan fiduciary steals or misuses funds, the ERISA Bond provides a level of financial protection for the plan and its participants.
Who Needs an ERISA Bond?
If you are a fiduciary, trustee, plan administrator, or anyone who has access to the assets of an employee benefit plan, you are required under federal law to obtain an ERISA Bond. This includes individuals responsible for 401(k), pension, profit-sharing, and other qualified retirement plans. Failure to secure an ERISA Bond not only puts your plan at risk but also opens you up to significant penalties and legal exposure.
ERISA Bond Requirements
According to the Department of Labor, the amount of the ERISA Bond must be at least 10% of the total plan assets that the bonded person handles, with a minimum bond amount of $1,000 and a maximum of $500,000 per plan (or $1 million for plans that hold employer securities). The bond must be obtained from a surety or reinsurer that is named on the Department of the Treasury’s list of approved providers. Blaikie Group only partners with DOL-approved sureties to ensure your ERISA Bond is fully compliant.
Why Choose Blaikie Group for Your ERISA Bond?
- Free Quotes – Get a fast, no-obligation quote for your ERISA Bond in minutes.
- Lowest Rates – Our high bond volume allows us to negotiate preferred pricing on ERISA Bonds for our clients nationwide.
- Same-Day Approvals – Most ERISA Bonds are approved instantly and delivered electronically.
- Nationwide Coverage – No matter where your business is located, we provide ERISA Bonds in all 50 states.
- Dedicated Claim Specialists – If a claim ever arises, our in-house team will help protect your interests.
How Much Does an ERISA Bond Cost?
The cost of an ERISA Bond is surprisingly affordable. Premiums start as low as $100 annually for bonds up to $500,000 in coverage. The total cost depends on the bond amount and the number of years of coverage you select. Many businesses choose to purchase multi-year ERISA Bonds to lock in savings and streamline compliance.
How to Apply for an ERISA Bond
At Blaikie Group, we’ve simplified the ERISA Bond process. No complicated paperwork. No delays. Just fast, reliable service:
- Complete our short online application for a free ERISA Bond quote.
- Receive your quote within minutes and finalize payment.
- Your ERISA Bond is issued instantly and emailed to you and your compliance team.
You don’t need to wait days or navigate government red tape. Blaikie Group helps fiduciaries get bonded fast — with confidence and full compliance.
Common Plans That Require ERISA Bonds
ERISA Bonds are required for a wide range of benefit plans, including:
- 401(k) Plans
- Pension Plans
- Profit-Sharing Plans
- Welfare Benefit Plans
- Health & Welfare Trusts
- ESOPs (Employee Stock Ownership Plans)
If your company offers any of these plans and you or your staff handle plan funds, an ERISA Bond is federally mandated.
Trust Blaikie Group for Your ERISA Bond Needs
With decades of experience, Blaikie Group has earned its reputation as a leading provider of ERISA Bonds across the country. Our commitment to fast service, affordable rates, and expert guidance makes us the preferred partner for businesses and fiduciaries who need to stay compliant with ERISA requirements.
We understand the importance of trust and compliance in handling employee benefit plans. Let Blaikie Group provide the ERISA Bond solution that protects your plan and simplifies your responsibilities as a fiduciary.
Get started today. Contact Blaikie Group for your free ERISA Bond quote and secure your bond within minutes.