Fiduciary Liability Exposures: Excessive Fee Litigation in Review

Companies that have purchased, or explored purchasing, fiduciary or director & officer liability insurance are likely familiar with underwriters’ concerns around “excessive fee litigation” exposure. This litigation has become increasingly troublesome for companies offering retirement plans, arising from the theory that fiduciaries of employer-sponsored plans allow providers to be paid excessive fees from plan assets.

Today, retirement plans across nearly all industries are at risk of exposure to an excessive fee claim. It is critical for businesses to understand this exposure and how it may affect their ability to secure fiduciary liability coverage. Download this comprehensive white paper to learn more.