Exam DISC-IA Practice Question 214
Study guide: Exam DISC-IA
Two problems arise at a company's 401(k) plan. Participants sue the plan's investment committee, alleging it kept high-fee funds when cheaper identical funds were available. Separately, the plan's bookkeeper is found to have stolen $50,000 from the plan. Which coverage responds to each?
- A) D&O insurance for the suit, and fiduciary liability insurance for the theft
- B) Fiduciary liability insurance for both
- C) The ERISA bond for both
- D) Fiduciary liability insurance for the suit, and the ERISA bond for the theft
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