On most standard business policies, the policy provides some ERISA compliance for employee benefit plans for up to $25,000. But there is also exposure for failure to manage and maintain any employee benefit plans, not just those bound by ERISA, where separate fiduciary coverage would be needed. Should the employees sue, or file a complaint against the organization alleging everything from failure to secure health benefits, failure to duly provide COBRA election, failure to match retirement funds, selection of providers etc. -a strong fiduciary liability policy would respond.
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