About Merchants Bonding Company
<p>From its headquarters in West Des Moines in the Des Moines metro, Merchants Bonding Company has written surety bonds since 1933, including <a href="/erisa-bonds">ERISA bond providers</a> coverage for employee benefit plans.</p> <p>Merchants handles fidelity bonds used by retirement plans, health plans, and welfare benefit plans. Under ERISA, fiduciaries and others who handle plan funds generally need an ERISA fidelity bond to protect the plan against fraud or dishonesty. The company offers a straightforward application process for bonds written to match ERISA requirements.</p> <p>ERISA bonds are required to cover at least 10% of the funds handled in the prior year, with a maximum of $500,000. Merchants’ underwriting and bond options are built around meeting those limits and documentation needs. Bonds are placed through local insurance agents, which gives plan sponsors a familiar point of contact during quoting and underwriting.</p> <ul> <li>ERISA fidelity bonds for 401(k) and other benefit plans</li> <li>Contract surety bonds</li> <li>Commercial bonds</li> <li>Works through local insurance agents for quoting and underwriting</li> </ul>
Website: https://www.merchantsbonding.com
Founded: 1933
Office Locations
- West Des Moines, IA (Headquarters)