Tribal 40l(k) plan needs bond?

[pbarrett]

We have an Indian Tribal Plan in New Mexico we do the admin for. We consider it a governmental plan exempt form 5500 reporting. We are putting together an SAR for general information purposes only. My question now is the bonding issue. Do they need to obtain a bond? I review other threads and it said check with the state and an address was given via the computer; however, all I found out there were the asset size of the State's retirement plan. I think I missed something(?).

Anyone deal with tribal accounts and know. Even if it is not required, any thoughts about recommending one?

Thanks for your thoughts.