Are you protected? There can be serious consequences for not purchasing and maintaining a sufficient ERISA fidelity bond. A fidelity bond is required to protect the assets in a retirement plan from misuse or misappropriation by the plan fiduciaries. The fidelity bond must be at no less than 10% of plan assets with a minimum of $1,000 and a maximum of $500,000. If your insurance provider does not offer fidelity bond coverage CLICK HERE for a link to Colonial Surety Company for a quote.