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Louisiana bonds

Louisiana — ERISA Bond

Choose an ERISA fidelity bond term for your employee benefit plan through this Louisiana page. RLI applications are available for one-year and three-year periods.

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

What this bond does

The bond addresses covered fraud or dishonesty losses involving plan funds or property handled by covered people.

Who needs it
Employers and plan administrators arranging bonding for ERISA-covered asset handlers, subject to applicable exemptions.
Who is protected
The plan is the insured party. The bond does not replace fiduciary liability insurance or provide general liability coverage for the employer.

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.

Review handlers and amount before selecting a term

Include authority to move or control plan assets when identifying handlers. An outside service provider may also need bonding if it or its employees handle those assets, unless an exemption applies.

Ask your adviser to establish the amount separately from the 12-month or 36-month term. No amount is listed here. Federal ERISA rules govern the requirement; the Louisiana label adds no separate state mandate.

Sources

Have these ready

  1. Have the plan's full identity ready.
  2. Locate existing fidelity bond documents.
  3. List employees and outside providers handling assets.
  4. Prepare preceding-year funds-handled figures.
  5. Confirm the amount and any exemption.
  6. Choose the intended period and effective date.

Questions about this bond

Can an outside provider need bonding?

Yes, if it or its employees handle the plan's funds or property and no exemption applies.

Does a three-year term set the amount?

No. Confirm the sum required for your plan independently of duration.

Will fiduciary liability insurance satisfy the requirement?

No. It concerns breaches of fiduciary duties and does not satisfy the ERISA fidelity bonding requirement.

Where does the purchase link lead?

Purchase Now opens the chosen RLI application in a new tab. After issuance, check and retain the bond 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.

Have a question? Contact us