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North Dakota bonds

North Dakota — ERISA Bond

Arrange an ERISA fidelity bond for your plan through this North Dakota page. RLI applications are available for one-year and three-year terms.

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

What this bond does

The bond protects employee benefit plan funds or property against covered fraud or dishonesty by people handling those assets.

Who needs it
Plan sponsors and administrators arranging required bonding for ERISA-covered asset handlers, unless an exemption applies.
Who is protected
The plan is insured. Fidelity bonding 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.

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 handling before completing the application

Discuss people with authority to move or control plan assets with your adviser. Outside providers can also need bonding if they or their employees handle those assets, unless an exemption applies.

Determine the required amount separately from the 36-month or 12-month choice; no amount is stated here. ERISA bonding rules are federal. The North Dakota label does not establish a separate state requirement.

Sources

Have these ready

  1. Have the full plan identity ready.
  2. Find existing bond details.
  3. List employees and outside asset handlers.
  4. Gather preceding-year funds-handled information.
  5. Confirm the amount and applicable exemptions.
  6. Choose the intended term and effective date.

Questions about this bond

Can an outside provider need bonding?

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

Does the longer term mean a higher limit?

It describes duration. Confirm the required sum independently for your plan.

Will fiduciary liability insurance satisfy bonding?

No. It addresses breaches of fiduciary responsibilities and does not satisfy ERISA fidelity bonding.

Where do I apply?

Purchase Now opens the selected RLI application in a new tab. After issuance, check and retain the document with plan 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