No. An ERISA Fidelity Bond is required by the DOL to insure the plan, whereas Fiduciary Liability Insurance is an added coverage to protect the fiduciary. For more information, please refer to our 401k resource on ERISA Fidelity Bonds and Fiduciary Liability Insurance.
Is an ERISA Fidelity Bond the same thing as Fiduciary Liability Insurance? Print
Modified on: Wed, 19 Aug, 2020 at 11:48 AM
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