Employee pension, benefit and compensation programs have become increasingly complex. Anyone serving as a trustee, or who has discretionary authority over a pension or other employee benefit plans, assumes a certain level of risk.
Under the Employee Retirement Income Security Act of 1974 (ERISA), fiduciaries can be held personally liable for breach of their responsibilities in the administration or handling of employee benefit plans.
A fiduciary is a person to whom property is entrusted for the benefit of another. A fiduciary can be a director, officer, employee or other retained person(s).
Fiduciary Liability protects the personal assets of anyone acting in a fiduciary capacity from claims alleging mismanagement of your firm's employee pension and 401K plans.
Please contact us at 1-800-978-6273
to speak with a client representative to learn more about Fiduciary Liability Solutions or to request an application.