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ERISA FIDELITY BONDS
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FREQUENTLY ASKED QUESTIONS
The Employee Retirement Income Security Act of 1974 (ERISA) was enacted to regulate most types of employee benefit plans. The coverage is intended to protect the plans from dishonesty and fraud committed by individuals who are associated with them. It is mandated by law that at least 10% of an ERISA plan be bonded in case of monetary theft.
Anyone who is involved, manages or handles the employee benefit savings plans must be covered by a bond.
A traditional ERISA Bond must be renewed annually and does not automatically increase coverage as your retirement plan grows. B.I.G. offers a three year bond, and our unique Inflation Guard automatically increased coverage to 10% of the plan assets to ensure your ERISA bond is always in compliance.
We offer and advanced on-line portal that enables you to order your ERISA Bond immediately. With our competitive pricing and simple three-step ordering process, you can have your approved bond in one business day, or less. That's the B.I.G. guarantee.