The first thing advisers should do is determine their fiduciary role with the plan, says Ary Rosenbaum, principal of the Rosenbaum Law Firm. An attorney who specializes in the Employee Retirement ...

In this three-part series, Woodruff Sawyer management liability expert Jon Janes shines a light on three often-overlooked lines of management liability coverages: Employment Practices Liability, ...

Fiduciary liability insurance is a specialized form of professional liability coverage designed to protect individuals and organizations that manage employee benefit plans. This includes anyone who ...

For years, employers have treated fiduciary governance as a retirement‑plan issue. Formal committees, documented processes, ...

A fiduciary liability policy protects the personal assets of a plan due to allegations of breach of fiduciary duties. Specifically, it protects plan sponsors and trustees from defense cost and ...

“Fiduciary liability insurance: isn’t every plan required to have that?” Actually, fiduciary liability insurance isn’t required, but this question reflects an all too common misunderstanding. Every ...

The U.S. Supreme Court’s recent unanimous decision in Cunningham v. Cornell University has altered the litigation landscape for benefit plan fiduciaries and their insurers. Understanding those changes ...

The extreme pace of new 401(k) lawsuits this year is showing the legally precarious spot most plan fiduciaries occupy, and that position is only becoming more difficult. It is rare for a plan to have ...

Artificial intelligence has made waves across various industries, and wealth management is no exception. AI’s ability to analyze vast amounts of data and generate insightful reports has the potential ...

CHICAGO, Aug. 21, 2024 /PRNewswire/ -- Encore (formerly Euclid) Fiduciary, a division of Specialty Program Group LLC, has announced that it is expanding beyond its core fiduciary insurance focus to ...

Fiduciary liability insurance protects companies from lawsuits if they makes errors or fails to act in employees’ best interests. For example, if beneficiaries of a 401 (k) plan accuse administrators ...

In a world of heightened fiduciary scrutiny, plan sponsors need to pay close attention to the language of fiduciary insurance policies. As defined contribution (DC) plans become the main drivers of ...