Message from the Firm
By Joe Faucher
As we head into the Summer, we thankfully see some signs of hope in the economy. This is certainly good
news for all of us.
But while things may be looking up, plan sponsors, fiduciaries and service providers need to continue to be vigilant to protect themselves against liability. After all, increasing revenue only to have to deal with the financial and emotional drain of litigation is like taking one step forward and two steps back.
The articles in this edition of our ERISA Controversy Report drive this point home. The first article discusses our recent successful defense of a TPA client, but notes that the outcome would not have been as happy if our
client did not have liability insurance. Fred Reish’s article points out that small companies—not just large
companies—can be vulnerable to ERISA liability, and need to govern themselves accordingly.
Finally, I address some issues that plan fiduciaries should consider when shopping for a required ERISA fidelity bond. I hope you find these stories useful, and invite your questions and comments.
Reprinted with permission,
© 2010 Reish & Reicher, A Professional Corporation. All rights reserved. The ERISA Controversy Report is published as a general informational source. Articles are general in nature and are not intended to constitute legal advice in any particular matter. Transmission of this report does not create an attorney-client relationship. Reish & Reicher does not warrant and is not responsible for errors or omissions in the content of this report.
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