The Partnership Account® for Pension Professionals: 

The Partnership Account® for Pension Professionals is designed to help increase your productivity while lowering costs for your plan sponsor clients.

 

Complete compliance and protection for you and your clients.

Simply sign up and land on your exclusive dashboard where our digital tools will help you track client status, verify bond compliance, and quote, apply and renew coverage for yourself and your plan sponsor clients.

Experience speed, efficiency, and affordability every time you log in. Build referral revenue too.

ERISA Bonds and Liability Insurance For Everyone

Use your dashboard to secure your Errors & Omissions, Fiduciary Liability Insurance, Employment Practices Liability Insurance, Cyber Liability Insurance–and more. Just log in, obtain quotes, bind policies, and download your coverages. 

Move on to make sure your clients have their required ERISA Bonds, and recommend Cyber Liability Insurance, as well as Fiduciary Liability Insurance.

 

Tips To Maximize Success

DOL leadership has affirmed the importance of  cybersecurity insurance for the business and the plan. Ours explicitly does, and also addresses DOL best practices, by including response and notification services. Even better, we include $50k of Cybersecurity Insurance at no extra cost, with our affordable Fiduciary Liability Insurance for plan sponsors. 

The Fiduciary+Cyber Liability Insurance Combo is now available with a 1, 2 or 3 year commitment. Once purchased, plan sponsors get documented proof of cyber liability coverage for the business and plan, as well as defense costs and penalty limits up to $1,000,000 for themselves, if faced with alleged or actual breaches of duty in connection with the employee retirement plan.

Continuous Compliance

With the purchase of a one, two and three year ERISA Fidelity Bond Package, we guarantee that as qualifying plan assets grow, the ERISA Bond will grow, ensuring continuous compliance with  Department of Labor requirements.

Our bond compliance program arms pension professionals with reports on the bonding status of clients. We then partner with you on a tailored approach to ensure all clients meet DOL requirements.

Knowledgeable In-Person Assistance?

Sure! Our experienced team is here to help you and your clients:  888-383-3313.

Frequently Asked Questions

  • We offer ERISA fidelity bonds, fiduciary liability insurance, and cyber liability insurance. Our cyber liability insurance is currently only offered with our one, two or three year ERISA fidelity bond packages.

  • Colonial Surety’s one, two and three year packages offer extended coverage and cyber liability insurance at no extra cost.

  • Yes. We make it easy to obtain ERISA fidelity bonds and even allow the purchase of retroactive coverage for previous years that a plan was not bonded.

  • Extended coverage is protection we offer to our one, two and three year ERISA fidelity bonds, for qualifying assets only. It guarantees that as plan assets grow, your bond will grow to maintain your U.S. Department of Labor requirements.

  • Fiduciary liability insurance protects a plan sponsor’s personal assets due to an alleged breach of a fiduciary duty, such as imprudent plan investments or investments having excessively high fees.

  • Colonial’s cyber insurance provides a services-based solution to help plan sponsors manage data breaches successfully. These services include a dedicated team of cyber breach professionals who assist plan sponsors at every stage of incident investigation and breach response. These professionals coordinate the carefully vetted forensics experts and specialized lawyers to help plan sponsors establish what’s been compromised; assess plan sponsor responsibility; and, notify those individuals affected. In addition, these services will also coordinate credit or identity monitoring, and public relations advice to help the plan sponsor safeguard its reputation. Of course, Colonial’s cyber insurance also indemnifies and defends plan sponsors from covered lawsuits or regulatory actions, the risk of which may be reduced by a well-coordinated breach response, but can never be completely eliminated.

  • We offer errors & omissions, fiduciary liability insurance, service provider bonds, cyber liability insurance, employment practices liability insurance (EPLI), and more, directly to our pension professional partners. Simply login and quote right from your dashboard.

  • Colonial Surety offers service provider bonds for pension professionals who take on 3(16) or 3(18) services. These bonds cover the plans in which a service provider has full discretionary authority over plan sponsor assets.

  • The promotional placements will embed your referral code and allow you to view and manage your clients’ ERISA bonding status. They can be used on your website, on-boarding documents, and annual census. It lets your clients easily access the quote page and complete an application.

  • Yes. You can insert it into the bond section of the annual census. If a plan sponsor answers “no” to having a bond, they will be directed to click on Colonial’s link and obtain bond coverage immediately.

    Implementation of this process will help get all of your plan sponsors into bond compliance for the upcoming year, which means you’ll no longer need to track them down to obtain bond coverage during 5500 filing season—because they’ll already be bonded.

  • Pension professionals have the opportunity to earn advertising transaction revenue on referred purchases of ERISA fidelity bonds and bond packages with fiduciary liability insurance and cyber liability Insurance. Participation in this aspect of the program is optional

  • Colonial’s proprietary bond compliance program offers a simple solution for pension professional firms to confirm and verify bond compliance for all of their plan sponsor clients, Colonial and others. Our proprietary software generates a detailed report which includes whether a plan is bonded, not bonded, under-bonded, or over-bonded. Colonial will then work with your firm on the best approach to get all of your plan sponsors in compliance with the U.S. Department of Labor, while also providing cost savings on ERISA fidelity bonds.

Get the word straight from our customers.