Texas ERISA Bond (3 Years)
Overview
Protect your employee benefit plan and stay compliant with federal law by securing a Texas ERISA Bond with built-in Inflation Guard coverage for a full three-year term. Every person who handles funds or property of an ERISA-covered plan is required by federal law to be bonded — this bond satisfies that requirement. The three-year term with Inflation Guard means your coverage amount automatically adjusts upward as plan assets grow, so you stay compliant without buying a new bond every year. Get bonded once and keep your plan protected through the full term.
Who Needs This Bond?
Plan administrators, trustees, and any other plan fiduciaries who handle funds or property of an ERISA-covered retirement or welfare benefit plan in Texas need this bond. If you are responsible for writing checks, transferring funds, disbursing benefits, or exercising any physical custody over plan assets, federal law requires you to be covered. This applies whether the plan is a 401(k), pension, profit-sharing plan, or an ERISA-governed health and welfare plan. Any business sponsoring such a plan and appointing individuals to manage it should confirm each handler is properly bonded.
What is this Bond For?
This bond protects the employee benefit plan — and by extension, the plan participants — against losses caused by fraud or dishonesty committed by those who handle plan funds. If a covered plan official steals, embezzles, or misappropriates plan assets, this bond provides a mechanism for the plan to recover those losses. The Inflation Guard feature ensures the bond amount keeps pace with increasing plan assets over the three-year term, maintaining the minimum coverage ratio required under ERISA. It is a federally mandated form of fidelity protection, not a discretionary business policy.
When is it Required?
Bonding becomes mandatory the moment a person assumes any role that involves handling funds or property belonging to an ERISA-covered plan. There is no grace period — coverage must be in place before that individual touches plan assets. If your plan grows and asset values increase, the Inflation Guard provision in this three-year bond adjusts your coverage so you remain compliant without filing a new bond mid-term. Failing to maintain proper bonding exposes plan fiduciaries to federal penalties and potential personal liability.
Where Does it Apply?
This bond covers plan fiduciaries and plan fund handlers operating under ERISA-governed plans based in Texas. Because ERISA is a federal statute, the bonding requirement applies nationwide, but this bond is specifically issued for Texas-based plan sponsors and administrators. It satisfies the federal fidelity bonding mandate for all covered individuals associated with your Texas plan.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab, where you can complete your application, submit your information, and secure your Texas ERISA Bond without waiting on a callback. The three-year term with Inflation Guard is built into this bond product, so you select the correct coverage amount and check out in one streamlined process. Your bond documents are delivered digitally once your application is processed.
Why Bond Titan?
Bond Titan gives plan fiduciaries a fast, no-hassle way to meet their federal bonding obligation without scheduling appointments or waiting on an agent. Our nationwide catalog is powered by The Southern Agency, bringing decades of surety expertise to a fully online purchase experience. Buy your Texas ERISA Bond on your schedule, get your documents digitally, and stay focused on running your plan.