401K Trustee Surety Bond
A 401K Trustee surety bond is a fidelity surety bond required by the Employee Retirement Income Security Act (ERISA) covering those responsible for managing an employee benefit plan and handling funds or other property of such a plan. An ERISA surety bond is intended to protect the plans from dishonesty and fraud committed by these individuals.
The 401K Trustee surety bond amount for each plan is equal to no less than 10 percent of the amount of plan funds handled, subject to a $500,000 maximum bond amount. However, higher limits may be purchased.
Alpha Surety is a nationwide surety bond broker offering simple, fast solutions for all types of surety bonding in all 50 states. We offer our customers extremely competitive pricing with multiple national carriers as well as world class support. For a free consultation about your surety bonding needs, please call 510-435-8425 or contact us. Or, to apply for a free quote, please complete our surety bond application.
