Chubb Special Report with Morgan Lewis & Bockius LLP
Our featured whitepaper provides insights for plan sponsors and fiduciaries navigating the recent surge in class-action lawsuits targeting the traditional practice of 401(k) plan forfeitures.
In recent years, there has been a significant rise in lawsuits against plan sponsors and fiduciaries. As regulation continues to evolve, it is essential to stay informed and take proactive measures to protect yourself and your organization. Who May Sue You and Why: How to Reduce Your ERISA Risks, and the Role of Fiduciary Liability Insurance, authored by Groom Law Groups' Lars C. Golumbic, delves into this challenging legal landscape with in-depth knowledge and actionable steps to help safeguard an organization.
This report offer practical suggestions for mitigating risk through plan design and administration, as well as fiduciary liability insurance. Obtaining the right insurance coverage can provide crucial protection and financial support should an incident arise.
For valuable insights on reducing personal liability risks associated with retirement and benefit plan management, click below to read the report!
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Dive In
ERISA Risk Relief: understand and mitigate fiduciary liability arising from employee benefit plans
Groom Law Group, Chartered (“Groom”) is recognized as a preeminent law firm in the United States, including its retirement, health and welfare, and litigation practices. Since ERISA was enacted, Groom has counseled multiemployer plans on benefits-related matters and has defended such parties in class action litigation and represented them in Department of Labor investigations. Fast forward to today, Groom remains at the forefront in representing multiemployer plans in defending claims brought against plans and plan trustees or in DOL investigations, and works with plans and their trustees to create viable solutions to mitigate against litigation risk.
With risk specialists and claims professionals operating in 54 countries around the world, we provide the service you need and can help you get back up and running just about wherever you may be.
Partnership that’s personal
We work to understand your business and where you’re headed so we can be proactive about meeting your needs. Whether your business is big or small, we invest in getting to know you, your team, and your customers. The goal: to help you see ahead, be ahead, and stay ahead.
Creative problem-solving
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always striving to help clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to helping solve your risk challenges.
Expertise and financial strength
We’ve served clients and partnered with leading organizations for more than 200 years. Our longevity, expertise, and financial strength are the bedrock of our business. That’s why 95% of Fortune 1000 companies are Chubb insured.
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Chubb Special Report with Morgan Lewis & Bockius LLP
Our featured whitepaper provides insights for plan sponsors and fiduciaries navigating the recent surge in class-action lawsuits targeting the traditional practice of 401(k) plan forfeitures.
