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ERISA Fidelity Bond

Florida ERISA Fidelity Bond

Federal ERISA fidelity for Florida plan fiduciaries

ERISA fidelity bonding is a federal requirement for plan fiduciaries handling plan assets — including Florida employers.

Apply for this bond

Or call (877) 477-7578

Overview

What Is a Florida ERISA Fidelity Bond?

An ERISA fidelity bond protects the plan against dishonest acts by persons who handle plan funds.

Key Provisions
  • Guarantees compliance with ERISA § 412
  • 29 C.F.R. § 2550.412-1
  • Protects the obligee named on the Florida bond form
  • Remains subject to the penal sum and bond conditions
Surety Obligation Overview

What Does This Bond Guarantee?

The surety bond guarantees that the principal will perform the duties required under ERISA § 412; 29 C.F.R. § 2550.412-1 up to the penal sum.

Principal
The party required to obtain the bond and perform the underlying obligation.
Obligee
The employee benefit plan
Surety
The company issuing the bond and guaranteeing the obligation to the obligee.

When a claim may arise

A claim may arise if the principal fails to comply with the bonded Florida obligation or causes covered loss to the obligee or protected parties.

If a claim is valid

If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.

Scope of the Obligation
  • Comply with ERISA § 412
  • 29 C.F.R. § 2550.412-1
  • Satisfy The employee benefit plan filing conditions
  • Maintain the bond for the required term
Bond terms

Bond summary

Amount, premium, term, and the authority that requires this filing.

Eligibility

Who Needs This Bond?

Florida plan sponsors and fiduciaries who handle employee benefit plan assets.

Who Is Required to File
  • Applicants required by U.S. Department of Labor — EBSA
  • Florida businesses renewing or expanding licensed activity
  • Out-of-state firms filing into Florida markets
Requirements

What You Need to Apply

Size the bond to ERISA statutory minimums based on plan assets handled.

Required Documentation
  1. Legal entity name matching the license or filing
  2. Bond amount: Federal ERISA formula — generally at least 10% of funds handled, with statutory floors - caps
  3. Florida obligee form or statute citation
  4. Owner or officer identification for underwriting
Filing

How this filing works

  1. 01

    Confirm the Florida requirement

    Share your license type, court order, or obligee form and the exact penal sum required by U.S. Department of Labor — EBSA.

  2. 02

    Underwrite and price

    We review credit and filing details, then quote premium options through licensed surety markets.

  3. 03

    Issue and file

    Once approved, we issue the bond for delivery to The employee benefit plan or for your Florida filing package.

FAQ

Frequently Asked Questions

What is the required amount for a Florida erisa fidelity bond?

The amount is Federal ERISA formula — generally at least 10% of funds handled, with statutory floors - caps, as set under ERISA § 412; 29 C.F.R. § 2550.412-1 and confirmed with U.S. Department of Labor — EBSA.

Who is the obligee on a Florida erisa fidelity bond?

The obligee is typically The employee benefit plan. Always match the exact name on the Florida form.

How long does it take to get the bond?

Many Florida filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.

Does bad credit prevent approval?

Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.

How do I renew the bond?

Most bonds renew on the term shown (1 Year). Keep continuity so your Florida license or filing does not lapse.

Authority Resources

U.S. Department of Labor — EBSA

dol.gov

Next step

Ready to file this bond?

We’ll match the requirement and route the application.

Apply for this bond

Or call (877) 477-7578