Service Provider Bonds
These bonds help service providers meet ERISA bonding regulations.
Understanding Service Provider Bond
A Service Provider Bond is required for Third-Party Administrators and other service providers when they handle, manage, receive, or have authority over ERISA plan funds or assets.
The bond:
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Protects the ERISA plan and its participants, not the service provider
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Covers losses caused by fraud or dishonest acts (e.g., theft, embezzlement, misappropriation)
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Is mandated under ERISA Section 412
For help in determining if you need this coverage, please visit the DOL Field Assistance Bulletin 2008-04 and review Q8 and Q18.
These bonds and policies are available for instant quote, purchase, print, or download on your desktop or mobile device.
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Reach
Licensed and admitted in all U.S. states and territories.
Rating
Rated “A” Excellent by A.M. Best Company and U.S. Treasury Listed.
(NAIC #10758)
BUSINESS ADDRESS: 123 Tice Boulevard, Suite 250, Woodcliff Lake, NJ 07677.
PHONE: (201) 573-8788.
SURETY LICENSES c,f/: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MP, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY.
INCORPORATED IN: Pennsylvania.
For more info about surety underwriting limitations read Circular 570 published by the U.S. Department of the Treasury.
Frequently asked questions
