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Excessive Fee Litigation

Episode Summary

In this episode, Henderson Brothers' in-house counsel, Peter Horne, answers 4 questions about excessive fee litigation and its impact on insurance. An excessive fee lawsuit is when participants in a retirement plan allege that the plan sponsor (or other entities or individuals) breached their fiduciary duties by making the participants pay inflated fees as part of their retirement plan savings.

Episode Notes

Time stamps:

  1. 00:46  What are excessive fee lawsuits?
  2. 02:00  Do most employers have to worry about these type of lawsuits?
  3. 03:28 What impact do these lawsuits have on the retirement plan sponsor's insurance policy?
  4. 08:27 How do I learn more or if I have questions about my own upcoming fiduciary liability, D&O, or management liability policies?

Peter Horne may be reached at pjhorne@hendersonbrothers.com or directly at  (412) 754-3299.

About Henderson Brothers: Since 1893, generations have turned to Henderson Brothers for insurance and expertise to shield them from risk in both good times and bad. Today, we offer insurance and consultation to customers both regionally and internationally.

General inquiries may be directed to (412) 261-1842 or visit hendersonbrothers.com.

Please note that the information contained in this posting is designed to provide general awareness in regard to the subject matter covered. It is not provided as legal, medical, or tax advice, nor is it intended to address all concerns in your workplace or for public health. No representation is made as to the sufficiency for your specific company’s needs. This post should be reviewed by your legal counsel or tax consultant before use.