If there had been any doubt, the last few years have made clear that lawsuits against any and all parties involved with retirement and welfare plans are here to stay. Indeed, plan sponsors and fiduciaries now face increased risks of litigation on a number of fronts, and the need for comprehensive fiduciary liability insurance is greater than ever.
Lars Golumbic was commissioned by Chubb to compile this special report and discusses the responsibilities of ERISA fiduciaries and the types of litigation that may be brought against them, as well as some practical suggestions on plan design and administration that may help reduce litigation risk.
