Filing & ReportingAnnual
ERISA Fidelity Bond
ERISA § 412; 29 CFR § 2580
Every person who handles plan funds or property must be bonded. Bond must be at least 10% of plan assets handled in prior year (min $1,000, max $500,000; $1M for plans holding employer securities). Self-funded plans with trust assets are primary targets.
ResponsibleClient/Other TPA (compliance TPA)
Deliver ToInternal compliance (bond covers plan against loss)
Legal timingMust be maintained continuously; review bond amount annually as plan assets change
Our targetReview the bond amount at each plan year start. This is our recommended timing, not a legal deadline for every plan. The legal timing is above.
Current Fee / Rate Information
Bond amount: at least 10% of plan assets handled in the preceding year. Minimum $1,000. Maximum $500,000 ($1,000,000 for plans holding employer securities). Bond must be with a surety company on the Treasury Department approved list.
Last reviewed: April 2026
Non-Compliance Penalties
Personal liability for fiduciaries who fail to maintain adequate bonding. DOL may assess civil penalties.
Official Source
https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications/meeting-your-fiduciary-responsibilitiesRelated Reading
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