Fiduciary Liability Insurance
As pension reform continues to evolve and the cost to administer and provide employee benefits increases, many employers are faced with uncertainty surrounding the future of their plans. The implementation of Health Care Reform and questions surrounding plan and exchange options also leads to uncertainty.
Organizations and their plan trustees now must be more proactive in areas such as plan governance, scrutiny of investment management fees and participation education. You must carefully and thoughtfully advise your employees and their respective family members about health plan changes and the impact of Health Care Reform implementation. Whether you are a trustee of a sole-sponsored benefit plan evaluating the need to change your existing benefits or a state retirement trust assessing new policies for your investment professionals, the litigation environment is changing – be sure your organization changes with it.
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