This essential protection covers you as a fiduciary, and your business, against claims of actual or alleged breaches of your duties. Armed withFiduciary Liability Insurance for Pension Professionals,you and your business are protected against claims due to improper investments, breach of fiduciary respo...
According to Lombardi, “Willful and gross violations of the statute in Rhode Island to do all things in good faith usually draws punitive monetary damages. In a case where there was an intentional disregard of advice of counsel given, a judge ruled that all fees would be covered for the cl...
For more than twenty years, Hardy Reed has offered fiduciary consulting and investment guidance to charities, foundations, and endowments. We understand the unique experiences non-profits must navigate financially in order to help them serve their communities. Retirement plan services Percentage of Retire...
In spelling out fiduciary duties with regard to employee benefit plans, ERISA covers the duty of loyalty, the duty to use prudence, and the duty to comply with the plan. The duty of loyalty means that fiduciaries must act in the best interests of the plan and its participants. If ...
Decedent’s Final Return: In addition to the fiduciary income tax return for the estate, a separate final income tax return is required for the deceased individual. This return covers their income and deductions up until the date of death. ...
Obviously, the decision not to protect an insured and settle a tort case against him or her is a major one with major consequences: It potentially exposes the insured to excess, and potentially personal liability, which defeats the purpose, your insured believes, of paying for insurance in the...