Oregon ERISA Bond (1 Year)
Overview
Employee benefit plan participants in Oregon deserve protection from dishonest acts by the people handling their retirement and welfare funds. Federal law under ERISA requires that anyone who handles plan funds or property must be covered by a fidelity bond. This Oregon ERISA Bond provides that required coverage for a one-year term, shielding plan assets from fraud, theft, and other dishonest acts committed by plan fiduciaries and employees. It is not optional — it is a federal mandate that applies to nearly every private-sector employee benefit plan operating in Oregon.
Who Needs This Bond?
If you administer, manage, or handle funds for a private-sector employee benefit plan in Oregon — including 401(k) plans, pension plans, health and welfare plans, or profit-sharing plans — you are required by federal law to carry this bond. Plan trustees, administrators, officers, and any other individual who handles plan assets must be covered. This applies whether your plan is large or small. If you signed on as a plan fiduciary or were appointed to handle plan funds, you need this bond before you act on behalf of the plan.
What is this Bond For?
This bond protects employee benefit plan participants from financial losses caused by dishonest acts — including fraud, theft, embezzlement, forgery, and willful misappropriation — committed by those who handle plan assets. ERISA mandates this protection to ensure that workers' retirement and welfare benefits are not at risk from misconduct by the people entrusted to manage them. The bond does not cover poor investment decisions or negligence — only dishonest or fraudulent acts that result in a direct financial loss to the plan. It is a core compliance requirement, not an optional risk management tool.
When is it Required?
Renewal is an annual obligation for as long as you continue to handle plan assets. This one-year term bond must be in place continuously — a lapse in coverage can put you out of compliance with federal ERISA requirements. Coverage must be secured at or before the start of your role handling plan funds, and it must be renewed each year without interruption. If your plan's assets grow significantly, you may also need to reassess your bond amount at renewal to ensure it meets the required coverage threshold tied to plan asset values.
Where Does it Apply?
This bond applies statewide across Oregon and covers plan operations wherever your employee benefit plan operates within the state. Because ERISA is a federal statute, the underlying legal obligation extends nationwide, but this bond is specifically written to meet the compliance needs of Oregon-based plan administrators and fiduciaries. It is not a local or county-level requirement — it applies to any private-sector benefit plan governed by ERISA that is administered in Oregon.
How to Buy Online
Click 'Buy This Bond Online' and you will be taken directly to the secure surety portal in a new tab. Complete the application with your plan details, select your coverage amount, and move through checkout — the process is fast and fully online. Once issued, your bond document is available immediately so you can maintain uninterrupted ERISA compliance.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for business owners who need their bond now — not after a callback from an agent. Our nationwide catalog includes ERISA bonds for Oregon plan fiduciaries, and our online portal gets you to a completed bond without delays or paperwork bottlenecks. You handle the plan assets; we handle the bond.