Fidelity Bonds for your new Pension Plan
Under Department of Labor regulations, your new pension plan will need a fidelity bond. A fidelity bond protects the assets in the plan from misuse or misappropriation by the plan fiduciaries. Plan fiduciaries include the plan trustees and any person who has:
- Physical contact with cash, checks or other plan property.
- Power to transfer or negotiate plan property for a price.
- Power to disburse funds, sign checks or produce negotiable instruments from the plan assets.
- Decision making authority over any individual described above.
We have partnered with Colonial Surety Company, a leading provider of ERISA/Pension Fidelity Bonds. They are a national insurance company registered in all 50 states and all U.S. territories, providing insurance products since 1930. They are the largest direct seller of ERISA/Pension Fidelity Bonds in the U.S. Just click on one of their links below to get a quote or apply online for immediate online issuance of a fidelity bond.
| Get a quote Today: | Apply Online |
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Features and Benefits of the Pension Partnership Program include:
- Immediate online issuance of ERISA/Fidelity Bonds & Professional Liability Insurance
- Placing your insurance directly with Colonial Surety eliminates the waiting period and gets the simplest part of plan management out of the way in minutes
- 24/7 access to Activity Tracking Statements to confirm bond limit for 5500 filing
- Obtain retroactive bonding expediently prior to filing 5500 - and secure bonding that mandatory online filing has uncovered
- Advertising Transaction Rates (ATR)
- Customer Service Representatives specializing in ERISA bonding compliance
- Association links, reports, and educational and management tools
ERISA/Fidelity Bond:
ERISA required Fidelity Bonds are available for plan sponsors.
Fiduciary Liability Insurance:
Fiduciary Liability Insurance Coverage is available for plan sponsors. This coverage protects against claims due to actual or alleged fiduciary breaches and provides defense costs and penalties if sued for fiduciary decisions. For information regarding Fiduciary Liability and Errors & Omissions Insurance please contact Julianna Donohoe at 201-949-1133 or email jdonohoe@colonialsurety.com
Advertising Transaction Rates (ATR):
Initial purchases of ERISA/fidelity bonds and Fiduciary Liability insurance for plan sponsors are eligible to receive ATR. ATR of 10% for fidelity bond and 5% for Fiduciary Liability Insurance may be realized. Renewals do not qualify for ATR.
Colonial Surety's Commitment:
Since 1930, Colonial Surety Company has been a trusted source of fidelity and surety bonds. The company is rated Excellent by A.M. Best Company, and enjoys positive reviews of its exceptional financial history, service and support systems. Colonial Surety Company is committed to providing you with innovative products, services and management tools. We look forward to serving the needs of you and your clients now and for many years to come.