Florida ERISA Bond (1 Year)
Overview
Running a qualified employee benefit plan in Florida comes with a federal obligation most plan sponsors overlook until an auditor asks for it. ERISA requires that every person who handles plan funds or property be covered by a fidelity bond — and that bond must meet specific federal standards. This Florida ERISA Bond satisfies that federal mandate for a one-year term, protecting your plan's participants if a plan fiduciary or handler commits a dishonest act. Get it in place before your next plan audit or compliance review.
Who Needs This Bond?
You administer a 401(k), pension, profit-sharing, or other employee benefit plan and someone on your team touches plan funds — that's who this bond is for. Any Florida employer acting as a plan fiduciary, plan administrator, or plan trustee is required under federal ERISA law to carry this bond. It covers the individuals who handle plan assets, but the obligation to obtain and maintain the bond falls on the plan itself. If you sponsor a qualified plan and haven't bonded your handlers, you're out of compliance.
What is this Bond For?
This bond protects the plan and its participants — not your business's general operations — against losses caused by fraud, dishonesty, or theft committed by a person who handles plan funds. If a covered plan handler steals from the plan, embezzles contributions, or manipulates plan records for personal gain, a valid claim can be filed against this bond. The bond does not cover investment losses, poor fiduciary decisions, or market performance. It is specifically and exclusively a federal fidelity requirement tied to the handling of ERISA-covered plan assets.
When is it Required?
This bond must be in place before any plan handler touches plan funds — not after your next audit notice arrives. ERISA's bonding requirement applies from the moment your plan is active and individuals begin handling its assets. Federal regulators can flag a plan as non-compliant during a DOL audit if the bond is missing or lapsed, which can trigger penalties and require corrective action. A one-year term means you need to renew annually to stay continuously covered.
Where Does it Apply?
This bond is issued for Florida-based plan sponsors and fiduciaries operating qualified employee benefit plans in the state. Because ERISA is a federal law, the underlying compliance obligation applies nationwide, but this bond is specifically issued to meet that requirement for your Florida plan. If your plan operates across multiple states, the bond still applies to your plan's handlers regardless of where they work.
How to Buy Online
Click 'Buy This Bond Online' on this page — it opens the secure surety portal in a new tab where you can complete your application and purchase immediately. The process is straightforward and designed for plan administrators who need to get compliant fast. Once issued, your bond documents are available digitally so you can provide them to your plan auditor or DOL reviewer without delay.
Why Bond Titan?
Bond Titan is a nationwide surety bond storefront powered by The Southern Agency, built for buyers who need a bond now — not after a week of back-and-forth with an agent. Our online catalog covers ERISA bonds and hundreds of other fidelity and surety products across all 50 states. Buy online, get your documents fast, and move on to running your plan.