Managing employee benefit plans brings a unique set of responsibilities and potential liabilities. Fiduciary Liability lets nonprofits keep nurturing their employees without the shadow of legal ramifications.
Breach of fiduciary duty — mismanagement of funds, improper investment decisions, or failure to act in participants’ best interests
Regulatory compliance — defense against claims arising from ERISA non-compliance
Administrative errors — enrollment errors, miscalculated benefits, failure to inform participants
Legal and settlement costs related to fiduciary breach allegations
Criminal or intentionally dishonest acts by a plan administrator typically fall under Crime coverage instead
A profound understanding of benefit plan management
Policies tailored to your non-profit’s specific needs
Quality protection paired with affordability
Always ready to assist, educate and address queries
An employee alleged their benefits were mishandled during a plan transition. Fiduciary Liability covered the organization’s defense while the claim was reviewed.
Illustrative only — not a specific client case.
Tell us how your organization actually runs and we’ll tell you what you need — or call and ask for Lillian.
