Skyrocket Your Firm's Security with High Limit Fiduciary Protection
Real-World Examples and Data
The importance of high limit fiduciary protection is underscored by real-world cases where companies have faced significant liabilities due to fiduciary breaches. For instance, in 2020, a major corporation settled a lawsuit for $55 million due to alleged mismanagement of employee retirement funds1. Such cases highlight the potential financial impact of fiduciary breaches and the necessity of adequate protection. According to a report by the U.S. Department of Labor, violations of fiduciary duties are among the most common issues in employee benefit plan audits2.