ERISA Bond

ERISA Bond Solutions Made Easy

At HK Insurance Agency, we’ve streamlined ERISA bond issuance with our proprietary platform tailored specifically for individual bond purchasers and retirement plan managers. Our system ensures a quick, hassle-free experience, allowing most bonds to be purchased and downloaded in under 5 minutes.
Access ERISA Bond Portal

Automatic Approval for Quick Coverage

Bonds up to $500,000 are automatically approved unless there are prior fidelity claims or non-qualifying assets.
All ERISA bonds are issued by surety companies listed on the Federal Treasury List, ensuring compliance and reliability.

Automatic Approval for Quick Coverage

Every bond issued includes our unique Inflation Guard feature, automatically adjusting your coverage as your plan grows:

Bonds have a 3-year term.

Coverage automatically adjusts annually to 10% of plan assets, up to the maximum of $500,000.
Example: If your retirement plan starts with $2,000,000 in assets, and you initially purchase a $200,000 bond, but your plan grows to $2,500,000 by year 2, coverage automatically increases to $250,000 without any additional premium.

Competitive ERISA Bond Rates

Bond Amount Standard Alaska California New York Washington
$15,000$150$130$111$102$150
$20,000$150$141$114$117$150
$25,000$150$156$128$132$150
$50,000$180$216$180$180$209
$75,000$215$267$225$222$252
$100,000$250$302$257$249$296
$125,000$264$318$273$264$316
$150,000$277$334$288$276$337
$175,000$290$350$304$290$358
$200,000$302$366$319$303$379
$225,000$315$378$334$314$400
$250,000$325$395$348$327$421
$275,000$340$419$365$339$443
$300,000$350$443$379$351$462
$325,000$365$455$393$363$483
$350,000$375$467$408$375$504
$375,000$385$479$425$387$525
$400,000$400$491$436$399$546
$425,000$415$504$450$411$567
$450,000$425$516$467$423$588
$475,000$445$529$482$435$608
$500,000$450$543$496$450$629

Competitive ERISA Bond Rates

What is an ERISA Bond, and why is it required?

An ERISA Bond (often called a Fidelity Bond) is a specialized surety bond that protects employee benefit plans against losses caused by fraudulent or dishonest acts by individuals who handle plan funds or property. Federal law under ERISA Section 412 (29 U.S.C. § 1112) and its implementing regulation at 29 C.F.R. § 2580.412 mandates this bond to safeguard the interests of plan participants and beneficiaries.

Who needs to obtain an ERISA Bond?

The plan itself is the insured under the bond, and the responsibility to obtain and maintain coverage rests on any fiduciary or other person who handles or manages plan funds or property. This requirement ensures that the plan, as policyholder, is protected against covered losses.

How do I determine the bond amount I need for my retirement plan?

ERISA requires bond coverage equal to 10% of plan assets, subject to a minimum bond amount of $1,000 and a maximum bond amount of $500,000, regardless of asset size beyond that point. Plans holding employer securities may be subject to a $1,000,000 limit.

What happens if my retirement plan’s assets grow significantly during the bond term?

All bonds include an inflation guard feature which automatically adjusts your coverage to remain at 10% of plan assets (up to the statutory cap of $500,000). If your plan grows and the adjusted coverage does not exceed $500,000, you won’t owe any additional premium.

Are there any situations where automatic bond approval might not be granted?

Automatic approval may not apply if your plan has prior fidelity claims or includes non-qualifying assets.

Can I purchase an ERISA Bond if my plan has had previous fidelity claims?

Yes. Plans with prior fidelity claims can still obtain a bond, though they may require additional underwriting and review.

What are 'non-qualifying assets,' and how do they affect bond issuance?

Non-qualifying assets include assets not held in typical ERISA-approved trust or custodial accounts. They may require manual review and underwriting before bond issuance.

How quickly can I get my ERISA Bond once I apply?

Most bonds can be purchased and downloaded within five minutes through our platform, provided there are no prior claims or non-qualifying assets requiring further review.

What should I do if I need coverage greater than $500,000?

Contact our team directly to discuss custom bonding solutions and multi-surety capacity to meet higher coverage needs.

How do I know my total Plan Assets?

Your total Plan Assets represent the fair market value of all assets held in your employee benefit plan as of the last day of the plan year. You can determine this amount from:

  • Form 5500 Schedule H: Part I, Line 4i shows the total plan assets reported to the Department of Labor.
  • Trustee or Custodian Statements: Periodic statements from your plan’s financial institution or recordkeeper.
  • Plan Financial Records: Year-end trial balances or audited financial statements.

If you need assistance locating or interpreting these records, please consult your plan administrator or third-party administrator.

How do I renew my bond at the end of the 3-year term?

Approximately two months before the end of the three-year term, you will receive an email asking you to update the total Plan assets so that the renewal premium may be calculated and billed.

HK’s ERISA Platform

Centralized Dashboard: View all client bonds in one place for streamlined management.

Seamless Issuance: Issue bonds quickly and effortlessly with our intuitive platform.

Secure Document Storage: Download and access bond documents anytime; all bonds are stored securely on the platform.

Competitive Rates: Offer clients transparent, market-leading pricing.

Dedicated Support & Compliance Alerts: Stay informed with proactive notifications and expert assistance.

ERISA Bond Help Center

Acceptable Sureties (ERISA §412)

Verify your bond is issued by a Treasury-listed surety (Circular 570) with quick how-to steps.
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ERISA Bond — Step-by-Step Buying Checklist

A 6-step path from assets → compliant bond, with .gov links and audit-ready docs to save.
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ERISA Fidelity Bond vs. Fiduciary Liability Insurance

Plain-English comparison: who each protects, what’s covered, and why insurance doesn’t replace the bond
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HKIA ERISA BOND RATE CARD

Transparent three-year pricing by state, including Inflation Guard to track assets up to the cap.
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How to figure out your plan assets for ERISA bond purposes

Find year-end assets on the DOL 5500 search (rightmost column) and calculate your 10% bond amount.
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Contact & Offices

Primary Address:
P.O. Box 5556
Baltimore, MD 21094

Secondary Address:
11426 York Road, 2nd Floor
Cockeysville, MD 21030

Have a bond question?
Ready for a quote?
410-332-1450 info@hksurety.com

Visit our online ERISA bond portal for instant quotes and real-time status updates.

We look forward to putting our family’s
expertise to work for you.

California Agency License #6007306