Not in North Dakota? ERISA fidelity bonds in other states

North Dakota ERISA fidelity bonds.
$300 for three years. Pick your limit.

The fidelity bond ERISA §412 requires for a 401(k), pension, profit-sharing or health & welfare plan. The plan is the insured: the bond repays it for fraud or dishonesty by the people who handle its money. A plan sponsored in North Dakota is written on the carrier’s North Dakota form. The policy limit you pick sets the price, and nothing else does.

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Required by ERISA §412 (29 U.S.C. §1112) of every plan fiduciary and everyone who handles plan funds

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Coverage: at least 10% of funds handled, from $1,000 to a $500,000 maximum for most plans

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Issued on payment and e-signed — one price per policy limit, no underwriter call

$3003 years, limits up to $150,000$100 a yearbilled as one 3-year policyNo credit fieldson the application

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How it works

Apply to filed in one sitting.

The application is short and the same for every plan type. Here is the whole thing:

TODAY · ONLINE

Apply online

Enter the plan’s exact legal name — the carrier asks that it end in words like “Pension Plan” or “401(k) Plan”; a bare “401(K)” gives no coverage — then your policy limit, an effective date and four yes/no questions about the plan.

ON PAYMENT

Issued and e-signed

Payment is the last step of the application, and the bond is generated the moment you pay.

EACH PLAN YEAR

Check the amount

29 CFR §2580.412-19(a) requires the bond to be at least the requisite amount at the start of every reporting year. If the funds handled have grown, raise the limit or add a supplemental bond.

What does each limit cost?

21 limits on the carrier’s application, one price each, read from the form itself on September 28, 2026.

Premium by policy limit, 3-year term
Policy limit	Price, 3-year term	Works out to
$10,000 to $150,000	$300	$100 a year
$175,000	$301	$100.33 a year
$200,000	$303	$101 a year
$225,000	$314	$104.67 a year
$250,000	$326	$108.67 a year
$275,000	$338	$112.67 a year
$300,000	$351	$117 a year
$325,000	$363	$121 a year
$350,000	$375	$125 a year
$375,000	$387	$129 a year
$400,000	$400	$133.33 a year
$425,000	$411	$137 a year
$450,000	$423	$141 a year
$475,000	$435	$145 a year
$500,000	$450	$150 a year

About this bond

What it is and who needs it.

What the ERISA fidelity bond covers

This is a fidelity bond, not a liability policy. It protects the employee benefit plan itself, the named insured, against loss from fraud or dishonesty by the people who handle its money: larceny, embezzlement, forgery, misappropriation and the like (29 CFR §2580.412-9).

The ERISA bond guide works out the amount a plan needs and sets out who is exempt, what counts as handling plan funds, the higher maximum for a plan that holds employer securities and the audit-waiver rule, with a link to each source.

ERISA §412, 29 U.S.C. §1112; 29 CFR §§2580.412-6, 412-11, 412-19; DOL FAB 2008-04“Every fiduciary of an employee benefit plan and every person who handles funds or other property of such a plan … shall be bonded as provided in this section … Such amount shall be not less than 10 per centum of the amount of funds handled. In no case shall such bond be less than $1,000 nor more than $500,000 … Such bond shall provide protection to the plan against loss by reason of acts of fraud or dishonesty on the part of the plan official, directly or through connivance with others … In the case of a plan that holds employer securities … or in the case of a pooled employer plan …, this subsection shall be applied by substituting ‘$1,000,000’ for ‘$500,000’ each place it appears.” — 29 U.S.C. §1112(a), read September 28, 2026.

You need this bond if you're

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A plan sponsor with a 401(k), pension or profit-sharing plan — the employer that establishes the plan is responsible for its officials being bonded

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A plan administrator, trustee or committee member who signs checks, moves money between accounts or directs distributions

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A third-party administrator or payroll provider with the power to disburse or transfer plan funds

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A union or multiemployer plan trustee bonding the people who handle jointly-trusteed plan assets

One short application.

The next page is the carrier’s own application, with the price for your limit shown before you pay.

Start the application →

FAQ

Common questions.

How much does a North Dakota ERISA fidelity bond cost?The carrier prices it by the policy limit you select, and every price was read from its application: $300 for a 3-year term at any limit from $10,000 to $150,000, then a step at each limit — $326 at $250,000, $400 at $400,000 — up to $450 at the $500,000 limit. The credit tier plays no part.

What policy limit should I choose?The first limit at or above 10% of the funds each covered person handled in the prior plan year. A plan that handled $1,200,000 needs at least $120,000. This form writes limits from $10,000 to $500,000; a pooled employer plan or a plan that holds employer securities may need more, and should contact us before applying.

How long does the bond last?The policy runs a 3-year term from its effective date; the carrier sets the term, and ERISA allows one longer than a year (29 CFR §2580.412-19(a)). We track the term and send renewal notices 60 and 30 days out.

Is the requirement different in North Dakota?The bonding requirement is not. Who must be bonded and for how much is set by federal law and is the same in every state (29 U.S.C. §1112), and ERISA supersedes state laws that relate to a covered plan (§1144(a)). State insurance regulation still applies to the bond as an insurance product (§1144(b)(2)(A)), and a bond may not contain a clause that contravenes the law of the state where it is executed (29 CFR §2580.412-19(c)). So a plan sponsored in North Dakota is written on the carrier’s North Dakota form.

Is this the same as fiduciary liability insurance?No. The bond insures the plan against theft or fraud by the people who handle its funds; fiduciary liability insurance covers claims that a fiduciary breached its duties. ERISA requires the bond, not the insurance (DOL FAB 2008-04, Q2).

Related bonds

Other North Dakota bonds.

Bond your plan today.

Pick your limit and finish the application in one sitting.

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Your price · $10,000 limit$300

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