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 all types of surety bonding. Complete our surety bond application to apply for a surety bond now. Or, for a free consultation about your surety bonding needs, please call 510-435-8425 or contact us.
