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Fiduciary Liability

We can help you manage and respond to issues surrounding fiduciary liability, from addressing errors and omissions in plan administration to avoiding conflicts of interest.

When your firm sponsors a pension, 401K or health plan, your employees are trusting you with safeguarding their futures. However, careless plan management can be an unfortunate reality, and even innocent errors can bring penalties for your business -- and any group or individual acting in a fiduciary role. Under the Employee Retirement Income Security Act (ERISA), directors, officers, trustees and other fiduciaries can be held personally liable for the decisions they make when managing plans or advising plan participants.

CNA offers a wealth of risk control strategies that can help your business manage and respond to issues surrounding fiduciary liability. Whether it’s addressing errors and omissions in plan administration, responding to the mishandling of records, avoiding conflicts of interest or more, CNA Risk Control consultants can help you identify the how, why, where and when of fiduciary liability.


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