Fiduciaries of retirement plans of all sizes are being sued as the wave of excessive fee claims contiunes to grow. Moreover, other types of employee benefit plans, such as medical plans, are at risk. Could you be next?
Webinar: Fee Frenzy - Navigating the Expanding World of Execssive Fee Class Actions
Listen as Chubb's Fiduciary Product Manager, Alison Martin, and Morgan Lewis & Bockius’ Jeremy Blumenfeld, leading experts in the field, discuss excessive fee class actions and how these cases are panning out, including what defense theories are winning versus what issues are proving to be more problematic.
Managing Fiduciary Risk in the Current Environment of Plan Fee and Investment Litigation
Under the Employee Retirement Income Security Act of 1974 (“ERISA”), people with discretionary authority over a plan’s administration or investments have a fiduciary duty to act carefully, and to act solely in the interests of plan participants and for the exclusive purpose of providing benefits to them. Chubb is proud to offer a focused plan for questions one should ask when having these discussions.
Excessive Fee Loss Prevention
While Fiduciary Liability insurance is a key piece of any protection against liability for managing or administering employee benefit plans, any comprehensive risk management program should include loss prevention measures. Chubb is proud to facilitate our policyholders’ access to superior loss prevention services, including Excessive Fee Mitigation Services, at discounted rates.
Lawsuits Over Excess Retirement Plan Fees on the Rise
Chubb's Alison Martin discusses what advisors should know when considering their own plans and advising clients in this ThinkAdvisor piece. Her article covers the potential fiduciary liability under ERISA and how lawsuits are at an all-time high.
What's All The Fuss About University Retirement Plans And Their Fees?
If you handle fiduciary liability insurance and need a better understanding of the latest wave of fiduciary breach claims against private universities, this memo will help unravel the mystery.
Webcast: The War on Retirement Plan Fees
Listen in as coauthors Alison Martin and Lars Golumbic discuss the nature of excessive fee lawsuits and the potential risk factors for plan fiduciaries.
How Fiduciaries Can Help Protect Themselves from Excessive Fee Litigation
Chubb's Alison Martin discusses how fiduciaries can help protect themselves from excessive fee litigation.
