At CrossPlans our goal is to provide our clients with the latest retirement plan ideas and technologies in order to develop effective and empowering strategies. Our commitment is to stay contemporary with the always evolving retirement plan climate and to bring that knowledge to our client's service.

A Qualified Retirement Plan with rank and file employees should secure a Fidelity or ERISA Bond for the Plan. The bond protects the plan against loss “by reason of acts of fraud or dishonesty” on the part of an administrator, officer, or employee.

The bond must be equivalent to 10% percent of the total assets but is not required to be greater than $500,000. If your insurance advisor does not handle Fidelity Bonds, feel free to click and follow the links below and Colonial Surety can have you set up with a bond in less than 10 minutes.