Minnesota — ERISA Bond
Choose a one-year or three-year ERISA fidelity bond option for your plan through this Minnesota page. Have the required amount ready when you continue to RLI.
Also known as Minnesota ERISA Bond (1 Year); Minnesota ERISA Bond (3 Years); Minnesota ERISA Bonds
2 options on record. Choose the one that matches your requirement, then purchase.
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
- Minnesota
- Category
- Fidelity & employee dishonesty
- Federal programme authority
- United States Department of Labor, Employee Benefits Security Administration
What this bond does
The bond protects plan funds or other property against covered fraud or dishonesty by people handling those assets.
- Who needs it
- Employers and administrators arranging bonding for ERISA-covered plan asset handlers, subject to exemptions.
- Who is protected
- The employee benefit plan is insured. The bond does not replace fiduciary liability insurance or ordinary business liability protection.
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.
- 1 yearPurchase Now (opens in a new tab)Continue to our secure checkout partner, RLI (opens in a new tab).
- 3 yearsPurchase Now (opens in a new tab)Continue to our secure checkout partner, RLI (opens in a new tab).
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.
Sources
- U.S. Department of Labor: ERISA Fidelity Bond Guide (opens in a new tab)Checked October 18, 2026
Have these ready
- Have the exact plan identity available.
- Find existing bond details.
- List people handling or controlling plan assets.
- Gather preceding-year funds-handled figures.
- Confirm the amount and any exemption.
- Choose the intended term and effective date.
Questions about this bond
Who must be identified as insured?
The plan must be named or otherwise specifically identified as an insured party.
Does three years automatically mean enough protection?
The term alone does not determine adequacy. Check the amount and coverage as the plan's circumstances change.
Can fiduciary liability insurance satisfy bonding?
No. It addresses fiduciary duties and does not satisfy the ERISA fidelity bonding requirement.
What happens at Purchase Now?
RLI opens in a new tab. Complete its application; after issuance, verify the document and keep it with plan records.