Kansas ERISA Bond (1 Year)
- State: Kansas
- Bond type: Employee Dishonesty & Fidelity Bond
- Term: 1 Year
- Category: Business Operations Bonds
Buy Kansas ERISA Bond (1 Year) online →
Overview
Kansas plan fiduciaries who handle employee benefit funds are required by federal law to carry an ERISA fidelity bond — and that requirement applies whether your plan is large or small. This bond protects the plan itself against losses caused by fraud or dishonesty committed by any person who handles plan funds or property. It is a federal mandate tied to ERISA, not a Kansas state license requirement, so the obligation follows the plan wherever it operates. Securing this bond annually keeps your plan in compliance and your participants' assets protected.
Who Needs This Bond?
Your company sponsors an employee benefit plan — a 401(k), pension, health and welfare fund, or similar arrangement — and you or someone on your team has authority over plan assets. Every plan official who 'handles' those funds, meaning they can move, transfer, disburse, or otherwise exercise custody over plan money or property, must be covered by an ERISA fidelity bond. This includes plan trustees, administrators, and any employee with signatory authority over plan accounts. If your plan is subject to ERISA and you are the fiduciary, this bond is your responsibility.
What is this Bond For?
ERISA fidelity bonds exist to reimburse the employee benefit plan — not the employer, not the fiduciary — if a covered person commits fraud or dishonesty with plan assets. Losses caused by theft, embezzlement, or willful misapplication of plan funds trigger the bond. The U.S. Department of Labor enforces this requirement as part of its plan audit process, and an uninsured plan is a red flag during any DOL examination. This is a protection for your employees' retirement and benefit money, not a general business liability product.
When is it Required?
Before the plan files its annual Form 5500, the ERISA bond must already be in force and must cover the full plan year being reported. The Department of Labor requires that bonding be in place at the start of each plan year for every person who handles plan funds during that year — waiting until audit time is too late. A one-year term aligns directly with your plan year, making annual renewal a straightforward compliance checkpoint. Do not let coverage lapse between terms; any gap creates a period of unprotected exposure that the DOL can cite.
Where Does it Apply?
This bond is issued to Kansas-based plan sponsors and fiduciaries operating ERISA-covered employee benefit plans. Coverage follows the plan, so it applies wherever plan transactions occur, but the bond is written for your Kansas operation and satisfies the federal ERISA bonding mandate for your plan. It is a federal requirement — not a Kansas state license — administered nationally by the U.S. Department of Labor.
How to Buy Online
Click 'Buy This Bond Online' to open the My Bond App portal in a new tab, where you can complete your application and purchase your Kansas ERISA Bond in minutes. Have your plan name, approximate plan asset value, and fiduciary information ready to move through the process quickly. Your bond documents are issued digitally so you have them on hand for your Form 5500 filing.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and gives Kansas plan fiduciaries a direct path to ERISA bond coverage without waiting on an agent callback or navigating a paper application. Our nationwide catalog means this bond is ready to buy online right now, any time. Fast issuance, no delays — exactly what compliance deadlines demand.
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Frequently Asked Questions
My benefits consultant mentioned general liability insurance — is that the same as my ERISA fidelity bond?
No. General liability insurance protects your business against third-party claims for bodily injury, property damage, or similar losses. An ERISA fidelity bond is a completely separate instrument required by federal law — it protects the employee benefit plan itself against losses caused by fraud or dishonesty committed by the people who handle plan assets. The DOL requires the fidelity bond specifically; a general liability policy does not satisfy that obligation, and no combination of other insurance products substitutes for it.
A theft from our plan was just discovered, but it happened during last year's bond term — are we still covered?
ERISA fidelity bonds are typically written on a discovery basis, which means a loss discovered after the bond term ends may still be covered if the dishonest act occurred while the bond was in force — provided the loss is reported promptly. The key factor is when the fraudulent act took place, not when you found out about it. Review your bond's specific discovery provisions and report any suspected loss to the surety as soon as it comes to light; delayed reporting can affect the claim.
How do I know what bond limit to choose for our Kansas plan?
ERISA sets a statutory minimum: the bond must equal at least 10 percent of the funds handled by the bonded person at the beginning of the plan year, with a floor of $1,000 and a cap of $500,000 for most plans (or $1,000,000 for plans that hold employer securities). If your plan documents, a trust agreement, or a vendor relationship specifies a higher limit, match that requirement — the contractual obligation controls when it exceeds the statutory floor. When in doubt, round up rather than risk being underinsured during a DOL audit.
What happens after I click Buy This Bond Online?
You'll open the My Bond App portal in a new tab where you can complete the secure online bond application and finish your purchase. Your Bond Titan tab stays open so you can come back and keep browsing.
Can I buy this bond entirely online?
Yes. Bond Titan connects you directly to the online bond application — there's no paperwork to mail in and no agent appointment required to get started.
Is Bond Titan a licensed agency?
Bond Titan is powered by The Southern Agency, a licensed surety bond agency. We've built Bond Titan so you can find the exact bond you were told to buy and get to the purchase flow in seconds.