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ERISA requires those who manage, oversee, recommend or handle funds or other property of an employee benefit plan to be covered by a Fidelity Bond, according to the U.S. Department of Labor.

Mercer Consumer offers both 1st and 3rd Party ERISA Bonds (for Investment Advisers). These bonds protect against acts of fraud or dishonesty by any officer, trustee, employee, administrator or manager of the insured benefit plan. As defined by the Employee Retirement Income Security Act of 1974, the limit of liability must be 10% of each plan’s assets, subject to a minimum of $1,000 and up to a maximum of $500,000.

Most recent changes to this rule is if the plan invests in employer securities, such as company shares, the maximum bond amount is $1,000,000.

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FINRA® is a registered trademark of Financial Industry Regulatory Authority, Inc.

Mercer Consumer, a service of Mercer Health & Benefits Administration LLC* (Mercer Consumer), a third-party provider of insurance products, is the Program Administrator. FINRA does not endorse these products and firms are not obligated to use them. Their use does not ensure compliance with FINRA rules or other regulations or laws.

Mercer Consumer, a service of Mercer Health & Benefits Administration LLC
In CA d/b/a Mercer Health & Benefits Insurance Services LLC
AR Insurance License #100102691
CA Insurance License #0G39709

*Mercer Consumer is a registered trade name of Mercer Health & Benefits Administration LLC