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Fiduciary Warranty, Liability Insurance Have Costly Differences
Bloomberg BNA Link to more items from this source
June 28, 2014
"Unlike a fiduciary warranty, a liability insurance policy tends to be more useful because it protects plan sponsors and trustees from defense cost and penalties if they are sued for fiduciary misdoings ... Avoid naming the plan sponsor as a fiduciary.... Avoid naming key corporate officers as fiduciaries.... Carefully craft delegation authority.... Define the roles of plan sponsor and fiduciaries."

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