Fiduciary insurance costs soar amid new 401(k) litigation
It is arguably a scary time to be a retirement plan sponsor, and many might forgo liability coverage
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 a near-perfect design and watertight documentation showing the prudent process that went into it.
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