Fiduciary Liability Coverage

Fiduciary Liability coverage protects a retirement plan fiduciary within an organization against a variety of losses, such as alleged ERISA violations, improper handling/commingling of funds, inaccurate reporting, delinquent contributions, 401k blackouts, and underfunded pension plans.  Fiduciary liability policies are designed to provide coverage for fiduciaries on pension, health and welfare benefit plans, in the event that they’re alleged to have breached the duties of loyalty, diversification or non-deviation from ERISA law.

Quaker’s markets can offer additional protections such as:

• Voluntary Compliance Fees
• Employer Stock Option Plan retention (carriers will require ESOP valuation)