Safeguard 401k Plans With Smart Liability Coverage Now
Real-World Examples and Statistics
The importance of liability coverage is underscored by real-world cases where companies faced significant financial losses due to inadequate protection. According to a report by the U.S. Department of Labor, fiduciary breaches have resulted in millions of dollars in fines and settlements each year4. This highlights the critical need for businesses to proactively secure their 401k plans with robust liability coverage to avoid similar pitfalls.