E&O Insurance for Pension Professionals

Protects against claims alleging inadequate work, negligent actions, or failure to perform professional duties.

Product

Fiduciary Liability Insurance For Pension Professionals

Covers you as the fiduciary, and your business, against claims of actual or alleged breaches of duty.

Product

Explained: ERISA Bonds and Fiduciary Liability Insurance

If you sponsor a retirement savings plan for employees, for the protection of the plan, you are required by law to have an ERISA fidelity bond. It is also critical for retirement plan sponsors to protect themselves, since under the...

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Stricter Fiduciary Standards?

As anticipated, the Department of Labor has released its proposed new fiduciary rule, which recommends redefining when “fiduciary status” is triggered for professionals who provide financial advice related to retirement savings. Serious legal challenges are anticipated while the proposal is...

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Innovation and the 401k?

  When seeking to maximize the benefits participants reap from a 401k, it’s easy enough for plan sponsors to identify positive-sounding marketplace innovations. Typically, what’s more difficult is making decisions and implementing changes, given the high standards of ERISA law—and...

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Anyone–and Everyone: ERISA Lawsuits

A recently filed ERISA lawsuit underscores a scary reality: essentially anyone, and everyone, involved in the management and administration of a retirement plan can be personally named in the allegations. In addition to sweeping the “named fiduciary” into costly and...

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Flawed And Reckless Provider Selection?

Although courts have dismissed some of the excessive fee allegations against retirement plan fiduciaries, claims show no sign of stopping. In fact, ERISA experts point out that lawyers for plaintiffs, having learned from the dismissals, are digging deeper. Failure To...

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Retirement Plan Loan Errors

What’s 12.5% of 60 million? A lot—and that’s the approximate number of retirement plan participants who have outstanding loans against their savings. ERISA experts point out that “a lot” also represents the administrative errors made related to loans. Here’s what...

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Where Do You Stand?

With workers reporting heightened fears about not having enough income to retire, plan sponsors are becoming increasingly active with retirement plan design. Specifically, a new survey by PGIM finds that plan sponsors are educating themselves on the possibilities of retirement...

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Ups and Downs?

So far, 2023 has not been a great ride for plan sponsors: litigation and compliance issues are up—and participant confidence in retirement is down. A first quarter analysis points to a variety of challenges sponsors will want to take seriously....

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