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ERISA Bonds For Less Than What You're Paying Right Now

Insurance companies may have different terms for ERISA Compliance Bonds (such as ERISA Fidelity Bond, Fiduciary Fidelity Bond, Non-Custodial ERISA Bond). If you need a bond to cover the retirement plans in which your firm advises and/or consults, The Uhl Agency can help you out. We've teamed up with CNA to offer a program that streamlines the quoting / application process at a rate that is well below the industry standard. Click here to get started!
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Why do you need this type of bond?

ERISA section 412 and related regulations generally require that "every fiduciary of an employee benefit plan and every person who handles funds or other property of such a plan shall be bonded."

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What do these bonds cover?

Coverage can address events such as larceny, theft, embezzlement, forgery, misappropriation, or any other type of loss committed by one of your employees (either acting alone or in collusion with others).

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How much coverage is needed?

Each plan that your firm advises or consults on needs to be covered at 10% of the amount of the funds in the plan  up to a maximum of $500,000 per plan (except for plans holding employer securities, which have a maximum of $1,000,000 per plan).

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What's the financial strength?

Each of the insurance companies we utilize carries at least an "A" rating by A.M. Best, the world's oldest and most authoritative insurance rating and information source.

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