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Whats the difference between a Fidelity Bond and an ERISA/Fiduciary Bond?

April 26, 2017Bond difference ERISA Fidelity Fiduciary

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Whats the difference between a Fidelity Bond and an ERISA/Fiduciary Bond?

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An ERISA/Fiduciary Bond is simply an amended Fidelity Bond; both respond to claims involving dishonest acts but the ERISA Bond complies with the specific requirements of ERISA law. Liftman Insurance offers ERISA bonds for a firm’s own pension/profit sharing plan as well as for client ERISA plans.