Bonding Name and Requirement

[buckaroo]

I have a client who has said that they have an ERISA bond, not a fidelity bond. My questions are:

1) Are they the same thing? (The client does not think so.)

2) If not, what is the difference?

3) The client also states that the fidelity bond is not required. I believe it is. Please confirm that the fidelity bond is required.

Any help would be greatly appreciated.

[Harwood]

http://benefitslink.com/modperl/qa.cgi?db=...liability&id=30

Also, from Form 5500: "Note. Plans are permitted under certain conditions to purchase fiduciary liability insurance. These policies do not protect the plan from dishonest acts and are not bonds that should be reported in line 4e."