ERISA Bonds in Ogden and Brigham City, UT
Protecting Employees’ Retirement Plans in Ogden and throughout Northern Utah
Fraudulent and/or dishonest acts can endanger the security of employee benefit plans, and therefore endanger the wellbeings of employees. For this reason and others, you need to have pretention against dishonesty and fraud. ERISA bonds provide the protection that you need, and at Blackburn Jones Company Insurance & Bonds, we have ERISA bond options that suit anyone.
We’ve provided ERISA bonds for more than 50 years in Ogden and in communities throughout Northern Utah, and also we know the needs of employees in the communities that we serve. We work with A-rated carriers, and we offer limits and ERISA bond options that keep anyone completely protected. Whether you work for a small company that employs only a handful of people, or you work for a major corporation that employs thousands of people, we’ll help you.
ERISA Bonds Coverage Details
ERISA bonds protect participants in and beneficiaries of employee benefit plans from dishonest acts of trustees of employee benefit plans. Fiduciaries and other individuals who handle employee benefit plans must have ERISA bonds.
ERISA bonds are fidelity bonds, and they do not pay losses for employee benefit plan participants or beneficiaries; ERISA bonds guarantee that participants in and beneficiaries of employee benefit plans can pay losses up to face amounts of the bonds. ERISA bonds only pay in the stead of employee benefit plan participants or beneficiaries in events in which participants in or beneficiaries of employee benefit plans are unable to meet obligations.
ERISA fidelity policies must equal 10 percent of funds that are handled by trustees of or fiduciaries of employee benefit plans, and also ERISA fidelity policies must have minimum limits of $1,000 per plan and maximum limits of $500,000 per plan. Employee benefit plans that hold employer securities must carry maximum limits of $1 million.
To learn about ERISA bonds, and to find out about limit options that are right for you for an ERISA bond, contact an agent.
Also, as a client of ours you may be able to save time and money if you take advantage of benefits and discounts for which you may be eligible. To learn about these benefits and discounts, contact an agent.
Experienced, dedicated Agents ensuring that your Retirement Plan is secure
We know how important it is that employees be able to take advantage of benefit plans, and have insurance agents that help employees through claims processes. For this reason, we provide ERISA bonds that fit employee benefit plans; fit the needs of participants in and beneficiaries of employee benefit plans; and fit the needs of trustees of employee benefit plans.
We thoroughly assess the needs of employee benefit plan participants and beneficiaries, and of trustees of employee benefit plans. Once we know and understand the needs of participants in and beneficiaries of employee benefit plans, and of trustees of employee benefit plans, we find the right ERISA bonds.
In order to ensure that protection is always complete and that individuals whom and commercial enterprises that we serve pay are always competitive, we keep a close eye on ERISA bonds that we deliver.
If and when possible, we include the individuals whom and the commercial enterprises that we serve in ERISA bond-delivery processes. As a result, individuals whom and commercial enterprises that we serve fully understand the protection that the individuals whom and the commercial enterprises that we serve have, and are aware of needs for changes to ERISA bonds.
Contact us or call us today. To start on an ERISA bond, request a quote.
Additional Business Insurance Information:
At Blackburn Jones Company Insurance & Bonds we’re proud to provide ERISA bonds in Ogden, Brigham City, Logan, Tremonton, Layton, and Morgan, UT. We also serve other areas in the state, and we serve other states.