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Tennessee bonds

Tennessee — ERISA Bond

Arrange your employee benefit plan's fidelity protection through this Tennessee ERISA bond page. Choose a one-year or three-year term and continue to RLI to apply.

Also known as Tennessee ERISA Bond (1 Year); Tennessee ERISA Bond (3 Years); Tennessee 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
Tennessee
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
Plan sponsors and administrators arranging required bonding for ERISA-covered asset handlers, unless an exemption applies.
Who is protected
The plan is insured. This bond does not replace fiduciary liability insurance or cover ordinary 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.

Set the amount independently of duration

The 36-month and 12-month RLI choices specify duration without an amount. Have the plan adviser determine the sum from the handling activities and relevant plan circumstances.

The Tennessee association creates no separate state ERISA rule. Confirm the plan's insured identity and intended effective dates in the selected application under the federal framework.

Sources

Have these ready

  1. Have the plan's full identity available.
  2. Find existing bond documents.
  3. List people handling or controlling assets.
  4. Gather preceding-year funds-handled information.
  5. Confirm the required amount and exemptions.
  6. Choose the intended term and start date.

Questions about this bond

Must the plan be identified as insured?

Yes. It must be named or otherwise specifically identified as an insured party.

Does three years guarantee adequate coverage?

The term alone does not establish adequacy. Review the amount and protection as the plan's circumstances change.

Can fiduciary liability insurance replace the bond?

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

How does the purchase handoff work?

Purchase Now opens RLI in a new tab. After completing its process and receiving the bond, check and retain the document with plan records.

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