Fiduciary Liability
If your firm sponsors a 401(k), a health plan or an ESOP, the people who manage it have legal duties to the participants.
Fiduciary liability is designed for claims that those duties were not met, such as high fees, poor investment choices or late deposits.
Where Fiduciary Claims Come From
Retirement plan fees
Claims that plan fees were too high or investment options were poorly chosen.
Administrative mistakes
Late contributions, enrollment errors and missed notices.
Employee owned firms
ESOPs add valuation and transaction questions that can lead to claims.
Not the Same as an ERISA Bond
That bond addresses theft from the plan. It does not address claims against the people running it.
Need Fiduciary Liability for Your Firm?
Tell us what your firm does. The quote form starts with this coverage ticked, and a specialist reviews it before anything goes to a carrier.
Tell Us About Your Firm. We’ll Tell You What We See.
Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.