29 U.S.C. § 1112 requires every fiduciary of an employee benefit plan, and every person who handles funds or other property of the plan, to be bonded for at least 10% of the funds handled in the prior reporting year — never less than $1,000, never more than $500,000. There is no New York statute governing this filing; it is a federal requirement tied to the specific role a person holds with the IBEW Local 1249 Insurance Fund. This filing is written at a fixed $100,000 penal sum. Confirm your required amount and renewal terms with the Local 1249 Fund office before applying.

What the bond actually guarantees

You need this bond if you're

Plan fidelity bonds like this usually clear fast — many issue right after purchase, and at most within 1–2 business days. Your e-signed bond will arrive by email, ready to file.

IBEW Local 1249 Insurance Fund Bond: $4,025 flat, the ERISA § 412 fidelity bond for a fiduciary or fund official of the $100,000 filing. Apply today.

IBEW Local No. 1249 Insurance Fund Bond ($100,000)

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.