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  1. katieinny
    An employer is considering the implementation of a Fiduciary Indemnification Agreement for the 401(k) plan's named fiduciaries. Has anyone had any experience with these agreements, drafting one, or had to test the effectiveness of one? It sounds like a terrific thing to have, but I'd like to hear from those with real world experience. Does it mean that the company would cover the legal costs of the fiduciaries and pay any costs that might be incurred if it's determined that the fiduciary(ies) breached their his/her duty?
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