About Us

Surety One, Inc. is an insurance underwriter licensed in all fifty states, Puerto Rico, US Virgin Islands and Canada. We specialize in surety bonds, fidelity bonds and associated insurance coverages. We are one of the largest producers of ERISA fidelity bonds in the nation. Our knowledge, extensive experience with ERISA bonds, and our broad underwriting authorities allow us to fulfill your fidelity bond need immediately. We bond plans with non-qualifying assets, ESOPs, labor union and multi-employer plans. We decline no one!

Our Reviews

EXCEPTIONS TO THE ERISA BOND RULE

Are there any exceptions the the ERISA requirement for fidelity bonding? Yes. If the plan contains no assets or is not subject to Title 1 of the Act.

RIA COVERAGE BY AN ERISA BOND

Does an ERISA bond cover the activity of an independent investment adviser (RIA)? No. A registered investment adviser must provide ERISA-compliant fidelity bond coverage. Application.

HOW MUCH BOND IS REQUIRED?

ERISA requires a bond written in an amount no less than 10% of the total qualified assets held by the plan with a maximum of $500,000, or $1mn if the plan is an ESOP.

ARE ERISA BONDS EXPENSIVE?

No. Simple plan structures with no non-qualifying assets and/or retro-dating are offered on a three prepaid basis
and never exceed $840 per maximum of $1mn.

ARE THERE PENALTIES FOR NOT BONDING?

Anyone who violates the bonding provisions can be fined up to $100,000 and on conviction of felony fraud imprisoned for more than one year. Title 29 U.S.C. § 1131.

NON-QUALIFYING ASSETS IN PLANS

A non-qualifying assets is something of value held outside of a formal financial institution. The ERISA bond must be equal to 100% of the value of non-qualifying assets.

Understanding what is needed is our business

ERISA FIDELITY BONDS

We are fidelity bond underwriters and we have been doing this for a long time. Our ERISA bond experts have seen MANY varieties of plan architecture and have solutions for even the most complicated structures. Asset
blends, conversions, ESOPs, etc., are all within our appetite and our self-adjusting coverage means that you can bond and without worrying about monitoring compliance.

Learn more about our "Inflation Guard"
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