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Hawaii bonds

Hawaii — ERISA Bond

Choose an ERISA fidelity bond term for your plan through this Hawaii listing. RLI offers one-year and three-year application routes; confirm the amount your plan requires separately.

Also known as Hawaii ERISA Bond (1 Year); Hawaii ERISA Bond (3 Years); Hawaii ERISA Bonds

2 options on record. Choose the one that matches your requirement, then purchase.

How a fidelity bond works

Fidelity protection responds to covered dishonest acts. The form identifies whose money or property is protected, the covered persons, and the applicable limits.

Bond family
Fidelity bond
Recorded state
Hawaii
Category
Fidelity & employee dishonesty
Federal programme authority
United States Department of Labor, Employee Benefits Security Administration

What this bond does

This bond protects employee benefit plan funds or property against covered losses from fraud or dishonesty in handling those assets.

Who needs it
Plan sponsors and administrators arranging bonding for ERISA-covered plan asset handlers, unless an exemption applies.
Who is protected
The plan must be named or otherwise specifically identified as insured. Fidelity bonding is separate from fiduciary liability insurance.

Choose from 2 options

Each option is a separate record. Where a term, bond amount, premium, or E&O limit is known, it is listed; match it to what your requirement asks for.

The coverage amount describes a limit of protection, not the price. Match the requested protection and covered persons to the actual fidelity form. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Select the period after assessing the plan

The federal requirement depends on the plan and its handling activities. Have your adviser establish the amount and any exemptions before completing the application. The Hawaii label does not establish a separate state ERISA rule.

The choices here are 36 months and 12 months, not two fixed coverage limits. Confirm the plan identity, amount and effective dates with RLI for the selected term.

Sources

Have these ready

  1. Gather the full plan identity.
  2. Find any existing bond documents.
  3. Identify people controlling or handling plan assets.
  4. Prepare preceding-year funds-handled figures.
  5. Confirm the required amount with your adviser.
  6. Coordinate the start date and term.

Questions about this bond

Does this cover general business liability?

The bond concerns covered fraud or dishonesty losses to the plan. Business liability coverage serves a different purpose.

Does every plan need bonding?

No. Federal exceptions and exemptions exist; your adviser can assess the plan and handling arrangement.

Will fiduciary liability insurance satisfy bonding?

No. Fiduciary liability insurance does not satisfy the ERISA fidelity bonding requirement.

How do I continue?

Purchase Now opens the selected RLI application in a new tab. After issuance, verify the document and retain it in the plan's records.

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How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us