Request for Proposal

The Pension Source would be happy to provide you with a no obligation fee quote or proposal. Please click here to request a proposal, and we will email to you the Plan Information Sheet and Employee Census Data forms.

ERISA/Fidelity Bond

ERISA requires qualified plans be covered by a fidelity bond. The minimum bond amounts must be for at least 10% of plan assets as of the beginning of the plan year plus the anticipated contribution for the plan year or $1,000, whichever is greater. The maximum bond required is generally $500,000.

Every administrator, officer, and employee of any plan who handles funds or other property of such plan must be bonded. The bond protects the plan against loss "by reason of acts of fraud or dishonesty" on the part of an administrator, officer, or employee.

Fiduciary Liability Insurance

Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of participants in a retirement plan and their beneficiaries. With the additional focus on fiduciaries and their responsibilities for ERISA plans, many employers are discussing fiduciary liability insurance.

ERISA section 410 allows a plan to purchase insurance for its fiduciaries or for itself covering losses occurring from fiduciary breach.

Our Partners

We have partnered with Colonial Surety Company, a leading provider of ERISA/Pension Fidelity Bonds. They are a national insurance company registered in all 50 states and all U.S. territories, providing insurance products since 1930. They are the largest direct seller of ERISA/Pension Fidelity Bonds in the U.S. Just click on one of their links below to get a quote or apply online for immediate online issuance of a fidelity bond.


Important Dates

  • January 31 - Form 1099‐R for all distributions to participants. This will be prepared by The Pension Source, Inc. unless the investment house does their own 1099‐R reporting.
  • January 31 - Form 945 with taxes due to the IRS.
  • February 10 - Form 945 without taxes due to the IRS.
  • March 15 - deadline for corporations to make contributions (unless on corporate extension).
  • April 15 - deadline for Sole Proprietorships to make contributions (unless on extension).
  • July 31 - Deadline for the form 5500 (without extension) or 7 months after the plan year end.
  • July 31 - Form 5558 (extension) Filed by The Pension Source, Inc. giving an additional 2 ½ months to file from 5500.
  • September 15 - Deadline (if on extension) for all Employer contributions for the year.
  • October 1 - Deadline for any Safe Harbor (if applicable) plans that can be put into effect. Ninety (90) day notice requirement to employees is needed.
  • October 15 - Last day to file Form 5500 if under extension.
  • December 31 - Required Minimum Distributions must be made for any business owner that has turned 70 1/2. We will calculate the amount of the distribution. These distributions from the plan are not eligible for rollover. These remain subject to the individual income tax rules.