In response to companies wanting better protections against ERISA liability risk, Fiduciary Decisions (FDI) has collaborated with Encore Fiduciary and Fi360 to now offer plan sponsors a first-of-a-kind Triple Advantage Fiduciary Protection package with combined, cost-effective services and additional pricing consideration given for annual subscriptions.
Triple Advantage Fiduciary Protection Package
This newly introduced package includes:
1. An industry-leading benchmarking report to show fee reasonableness determination
2. A complimentary fiduciary liability insurance review and discounted fiduciary liability insurance coverage
3. Fiduciary training for committee members
Offered by three retirement industry leaders with the intent to provide risk mitigation to plan sponsors if ERISA litigation occurs.
Because Director and Officer insurance typically excludes ERISA liability risk, companies are seeking both proactive and reactive ways to protect themselves that this package addresses.
ERISA Liability Risk is on the Rise
Plans of all sizes may be vulnerable
Under ERISA, your employee retirement plan carries fiduciary responsibilities that can expose plan sponsors and company officers to multi-million-dollar lawsuit settlements. (see CHART)
Common claims include excessive fees, deficient investment performance, and improper fund selection. And the damage can go deeper, affecting the company’s brand and reputation, as well as recruitment and client acquisition efforts.
Assessing your plan and managing risk is critical for protection.
>> In 2023, the average
settlement was $8.4 million. <<
Fiduciary Decisions' Proprietary Database
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375,000+ Plans, All Market Segments (53% of Plan Universe)
$71 Trillion in Plan Assets 160+ Recordkeepers 1000s of Advisors
About Us
About Fiduciary Decisions
Founded in 2008, Fiduciary Decisions is the industry leader for independent, comprehensive, and actionable decision support systems for the retirement industry. Grounded in unparalleled data, technology, and innovation, we work side-by-side with you to ensure the best possible retirement decisions for you and your clients. Fiduciary Decisions’ flagship product is the Value and Fee Benchmarking with FEEPOINT® calculation report, which is considered the gold standard for determining fee reasonableness for defined contribution plans.
At Fiduciary Decisions, our goal is to collaborate with and strengthen all constituents of the retirement industry, helping service providers and plan sponsors, as well as plan participants and investors make fact-based decisions for successful retirement outcomes.
About Fi360, A Broadridge Company
Fi360 provides fiduciary education, training and technology, including the Accredited Investment Fiduciary® (AIF®) Designation, a leading fiduciary designation held by over 11,000 advisors. Fi360’s technology enables broker-dealers to automate compliance procedures and identify at-risk assets, and helps investment professionals document investment processes and evaluate products.
About Encore Fiduciary
Encore (formerly Euclid) Fiduciary is a premier fiduciary liability insurance underwriting company. We protect America’s employee benefit plan sponsors based on our superior fiduciary expertise and experience. We are known as fiduciary liability thought leaders and advocates for America’s plan sponsors. Starting in 2011, Encore Fiduciary has grown into the choice of many of America’s most sophisticated and complex single-employer, multi-employer, and governmental employee benefit plans. Every Encore Fiduciary professional represents our distinctive brand of relentless dedication and expertise to protect America’s benefit plans.