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17
Jan

What You Need to Know About Fiduciary Liability Insurance

The federal government’s Employee Retirement Income Security Act (ERISA) of 1974 requires every employer to abide by the set standards in the administration of employee welfare and retirement benefit plans. Failure to comply with ERISA standards can amount to a breach of fiduciary duty and consequently, costly litigation and judgment. This means fiduciaries should take the necessary measures to protect

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