What is the "Fidelity Bond to comply with ERISA Section 412"?
Is it different from Fiduciary Liability Insurance?

Thanks.

Fiduciary liability insurance covers the fiduciary if they make a bad decision.
A Fidelity Bond covers against fraud, forgery, embezzelment, etc. by employees (Payroll clerk goes on vacation with funds instead of fowarding them to the plan).

THANKS!