Definition of a fiduciary
| Who Is An ERISA Fiduciary? |
|
A fiduciary is an party who holds assets and can make decisions for another party with regards to financial matters. The fiduciary role is an extremely important one for any retirement plan and is well defined under ERISA . |
|
What is the role of the "named fiduciary"? Why should a party be classified as an ERISA fiduciary? Can an outside consultant or attorney be an ERISA fiduciary? In establishing an ERISA plan, is an employer an ERISA fiduciary? Can an employer or its board of directors be an ERISA fiduciary? Is a person who renders investment advice for a fee an ERISA fiduciary? Is a person who has discretionary responsibility in the administration of an ERISA plan a fiduciary? |
|
Related FAQ Topics Responsibilities and duties of an ERISA fiduciary |
Previous:
Limits on the deductibility of contributions to a qualified plan
