{"id":437,"date":"2013-02-27T03:51:01","date_gmt":"2013-02-27T03:51:01","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=437"},"modified":"2021-12-29T17:22:25","modified_gmt":"2021-12-29T17:22:25","slug":"erisa-bond-with-non-qualifying-assets","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/erisa-bond-with-non-qualifying-assets\/","title":{"rendered":"ERISA Bond with Non-qualifying Assets"},"content":{"rendered":"

Plans containing non-qualifying assets<\/strong><\/em> must be covered by an ERISA fidelity bond<\/strong><\/a> that meets the requirements of section 412 of ERISA however there is a difference in the bond amount required under the Federal Code. \u00a0Instead of the ten percent (10%) of asset value fidelity bond requirement, the bond must be equal to one hundred percent (100%) of the value the non-qualifying plan assets. \u00a0Assets not held by formal financial institutions such as banks, insurance companies, registered brokers, mutual fund companies, etc. are considered “non-qualified”. That portion of a plan must follow the “1:1” formula. Examples of non qualifying assets are real estate holdings, deeds and deeds of trust, limited partnerships, unsecured loans and private receivables.<\/p>\n

Many surety companies are reluctant to issue ERISA bonds<\/strong> for this type of plan. \u00a0The sureties that do will limit bonding approval to only those plans with a very small percentage of non-qualifying assets. \u00a0The nation’s leader in surety, Surety One, Inc.<\/a>, offers special ERISA fidelity bond programs which can accommodate ANY plan structure. \u00a0ERISA bonds for labor unions, multi-employer plans, non-qualified assets, and employee stock ownership plans can ALL obtain bonding from us!\u00a0 An ERISA bond with non qualifying assets is easy. No one is turned away!<\/p>\n

Surety One, Inc.<\/a> is a specialist in surety and fidelity bond underwriting. Licensed nationwide, in Puerto Rico, Canada and U.S. Virgin Islands, we are one of the largest producers of ERISA fidelity bonds. Our class-specific knowledge, decades of experience with ERISA bonds and our broad underwriting authorities allow us to meet ERISA bond requirements immediately. We bond plans with non-qualifying assets, ESOPs, KSOPs, labor union, multiple employer and multi-employer plans. For more information about ERISA bond for non-qualifying assets<\/strong>\u00a0or any other bonding need, visit us at http:\/\/www.ERISA-Bonds.com<\/a>, call\u00a0(800) 373-2804<\/span>\u00a0or email\u00a0Underwriting@SuretyOne.com<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plans containing non-qualifying assets must be covered by an ERISA fidelity bond that meets the requirements of section 412 of ERISA however there is a difference in the bond amount required under the Federal Code. \u00a0Instead of the ten percent… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":3064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[517,7,518],"yoast_head":"\nERISA Bond with Non-qualifying Assets • Surety One, Inc.<\/title>\n<meta name=\"description\" content=\"Plans containing non-qualifying assets must be covered by an ERISA fidelity bond that meets the requirements of section 412 of ERISA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/erisa-bond-with-non-qualifying-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ERISA Bond with Non-qualifying Assets • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Plans containing non-qualifying assets must be covered by an ERISA fidelity bond that meets the requirements of section 412 of ERISA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/erisa-bond-with-non-qualifying-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-27T03:51:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-29T17:22:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/suretyone.com\/blog\/wp-content\/uploads\/ERISA-Fidelity-Bond-for-Multiemployer-Plan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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