Excerpt: If you are a fiduciary for your employer's retirement savings plan, you already know that life isn't getting any simpler. Lawsuits against plan fiduciaries are on the upswing, and some have been found personally liable for plan losses under ERISA, the Employee Retirement Income Security Act of 1974. What you may not know is that neither your company's directors' and officers' insurance nor the bond that all retirement plan sponsors are required by law to carry will indemnify you for claims involving benefit plans. The former excludes such claims, the latter covers only plans themselves. Instead, you need fiduciary liability insurance, and if you don't know whether you have it, you should find out.

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