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ERISA Bond ERISA Bond| 844-589-9732| AmeriPro Surety Bonds

What is an ERISA bond?


An ERISA bond is an fiduciary surety bond that is sometimes required by an employer to protect employees’ health or pension retirement plans.

It will help if we provide a definition of terms and thereby clear up any possible confusion.

What does ERISA mean?


ERISA stands for Employee Retirement Income Security ACT. This federal ACT was passed by congressional leglislation in 1974.

Among other things, the ACT mandates that those who manage a retirement plan, funds, or property, be properly bonded in order to do so.

What does an ERISA bond do?



The ERISA bond protects the employeefrom acts of fraud, negligent management, and other acts of irresponsibility, dishonesty, or fraud by an employer on the employees’ benefit plan.


How much coverage is required for an ERISA bond?



The amount of coverage required for an ERISA bond depends on the amount of assets being managed for employees’ retirement holdings.  As the amount of funds of property grows, the requirement for an ERISA bond will similarly increase.


Does an ERISA bond protect an employer?



No; an ERISA bond is required of the employer on behalf of and to protect employees.  An insurance liability plan would protect an employer.

Like all surety bonds, an ERISA bond will have a principal who is the employer/business entity required to purchase the bond.

The obligee is the entity requiring that the federal bond be purchased (in this case, the federal government on behalf of employees.

Finally, the surety company, is the company with the financial capacity to issue the bond to satisfy the requirements of the obligee.  The principal purchases the ERISA bond from the surety to comply with the obligee. 


How do I qualify for an ERISA bond?



Qualifying is easy. To qualify for an ERISA bond, first call AmeriPro Surety Bonds.  We will ask you some questions to determine the financial of the retirement plan that you are planning.  With good planning, you should have your ERISA bond in a very short period of time.

AmeriPro Surety Bonds provides ERISA bonds for all 50 states.



Call us today at 844-589-9732.