FreeERISA creates opportunities to demonstrate your services to plan decision-makers. One such service, which we'll call the "2F Opportunity," can help many plan decision-makers sleep better at night, because it addresses what may be their deepest fear in today's climate: litigation-minded lawyers.

Under ERISA, plan fiduciaries can be held personally liable, to the full extent of their personal wealth, if they violate duties of loyalty, prudence, diversification or adherence to documents governing the plan. They enjoy no corporate shield of limited liability, and any manager or vendor who exercises discretion in regard to plan assets can become a fiduciary and lawsuit target. In the wake of a deep bear market, lawsuits brought by plan participants always rise. In this particular bear market, publicity regarding 401(k) losses at Enron, WorldCom and other high profile companies have increased fears of ERISA litigation.

How to Identify Opportunities

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.