Service Provider Bonds
These bonds help service providers meet ERISA bonding regulations.
Understanding Service Provider Bond
A Service Provider Bond is required for Third-Party Administrators and other service providers when they handle, manage, receive, or have authority over ERISA plan funds or assets.
The bond:
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Protects the ERISA plan and its participants, not the service provider
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Covers losses caused by fraud or dishonest acts (e.g., theft, embezzlement, misappropriation)
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Is mandated under ERISA Section 412
For help in determining if you need this coverage, please visit the DOL Field Assistance Bulletin 2008-04 and review Q8 and Q18.
TPA's can obtain these bonds by signing up or logging in.
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Instant & Flexible
We offer a streamlined purchase process that allows you to instantly purchase bonds and insurance online.
Reach
Licensed and admitted in all U.S. states and territories.
Rating
Rated “A” Excellent by A.M. Best Company and U.S. Treasury Listed.
(NAIC #10758)
BUSINESS ADDRESS: 123 Tice Boulevard, Suite 250, Woodcliff Lake, NJ 07677.
PHONE: (201) 573-8788.
SURETY LICENSES c,f/: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MP, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY.
INCORPORATED IN: Pennsylvania.
For more info about surety underwriting limitations read Circular 570 published by the U.S. Department of the Treasury.
Frequently asked questions
