Plan officials who "handle" plan funds must be covered by an ERISA fidelity bond — a form of insurance protecting the plan against fraud or dishonesty. The bond must cover at least 10% of funds handled, with a $500,000 cap ($1,000,000 for plans holding employer stock). Solo 401(k) plans are not subject to ERISA Title I requirements such as an ERISA Fidelity Bond.
