Erisa Fidelity Bond | Surety BondErisa Fidelity Bond Application
Type of BondPension reform act of 1974 requires a qualified retirement plans to save the public from fraud and misappropriation. Therefore, this pension reform act imposed an Employee Retirement Income Security Act (ERISA).This Surety bond is a fidelity bond that covers at least 10% of plan property as a loss, which occur due to the fraud and misappropriation. These bonds repay the loss covered by the bond. This fidelity bond activates the Department of Labor Sanction and Penalties, in failure of the contract. The financial organization contains 10% of the qualifying plans like insurance company, mutual funds and broker’s dealer. If 5% of the plan asset contain the non-qualifying plan asset, and then the fidelity bond of 100% of the total value is to be obtained from the non-qualifying asset.
Program: Our agency currently has several specialty programs that can help you place your Erisa Fidelity Bond.
Erisa Fidelity Bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25%.
Always check with the "Obligee" for details
Our application process for a Erisa Fidelity Bond is easy. You can apply for the Erisa Fidelity Bond Application .Find this bond for another state
Obligee InformationAn obligee is the entity that is requiring you to have the Erisa Fidelity.
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