Betterment is not a tax advisor. The information provided in our Support Center is educational and should not be considered tax advice. Please consult a tax professional.
An ERISA fidelity bond protects the 401(k) plan against loss by acts of fraud from anyone handling the assets of the 401(k) plan. The bond amount is generally the greater of $1,000 or 10% of the plan’s assets, with a maximum amount of $500,000. You can obtain a bond from your insurance agent. If you do not have an insurance agent, Betterment can provide you with a list of bond providers.
