What Are Pension Trust Bonds?

Many companies today offer pension plans and/or profit sharing programs as part of a benefit package for their employees. These programs are managed by appointed individuals associated with that company, known as fiduciaries. To protect the investors and the money in these funds, the individuals handling plan assets need to be bonded. The pension trust bond from the company does just that.

Why Is This Bond Needed?

The Pension Reform Act of 1974 state3s that the fiduciaries of a pension or profit sharing fund are required to post a bond for 10% of the amount of funds handled. As an example, a person who manages a profit sharing program that involves $250,000 in funds must post a bond of $25,000. The company can assist in satisfying  this requirement at a reasonable cost. The standard rate is $5 per thousand subject to a $50 minimum premium per position and $100 minimum premium per bond.

Apply For Coverage Now

Just complete the application and fax or mail to our office. The application can be downloaded with the link below. Your application will be reviewed the day it is received.

We write small fidelity and surety bonds and errors and omissions insurance with a conservative underwriting philosophy, and provide superior one-day service to our clients.

Facts About the Company

• One-day service to all new business. You bond is completed the day we receive it.

• The company writes more bonds than any other company in the United States

• Specialized in the bond business since 1900.

• Experienced claim specialists for bonds and errors and omissions insurance.

• The company's Best's rating is A+ Superior

For questions regarding bonds, please call:

Dallas Local -(903) 537-2819
Toll-Free Texas- 1-888-869-4904

2 Apply for Pension Trust Bond

Complete the listed forms. In addition we need to know: 1. is the plan audited, 2. How often, 3. By whom, 4. Is this bond required because more than 5% of plan assets are "non-qualifying"

The applications will be downloaded in the PDF format (Portable Document Format) by Adobe®. Most computers may already have the Adobe Reader® installed. If you don't, simply go to the link below to download and install on your computer. Once installed, download the required application form and open in the Adobe Reader® and print the form in black ink.

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Last Update: Thursday, August 09, 2007 12:09:32 AM