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Indiana bonds

Indiana — ERISA Bond

Choose fidelity protection for your employee benefit plan through this Indiana ERISA bond listing. One-year and three-year RLI application options are available.

Also known as Indiana ERISA Bond (1 Year); Indiana ERISA Bond (3 Years); Indiana 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
Indiana
Category
Fidelity & employee dishonesty
Federal programme authority
United States Department of Labor, Employee Benefits Security Administration

What this bond does

The bond addresses covered losses from fraud or dishonesty by people handling plan funds or other property.

Who needs it
Employers and plan administrators arranging bonding for ERISA-covered asset handlers, subject to applicable exemptions.
Who is protected
The plan is insured against covered dishonesty losses. This is separate from fiduciary liability insurance and general business liability.

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.

Check the plan details before applying

The plan must be named or otherwise specifically identified as insured. Review the people who handle its assets, including outside service providers where relevant, with your adviser.

The Indiana label does not create a separate state ERISA requirement. Determine the amount under the federal framework, then choose a 12-month or 36-month term. No amount is stated for these choices here.

Sources

Have these ready

  1. Have the full plan identity ready.
  2. Locate existing fidelity bond documents.
  3. Identify people handling plan property.
  4. Prepare the preceding year's funds-handled figures.
  5. Confirm the required amount and any exemption.
  6. Coordinate the protection period and effective date.

Questions about this bond

Is this protection for the plan administrator personally?

The plan is the insured party. Fiduciary liability insurance concerns separate exposure from breaches of fiduciary duties.

Can fiduciary liability insurance meet the requirement?

No. It does not satisfy ERISA's fidelity bonding requirement.

Does choosing three years determine the sum?

No. Use the amount established for your plan independently of the selected duration.

What follows the purchase link?

RLI's application opens in a new tab. Complete its process; after issuance, check the bond and keep it with 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.

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