ERISA expressly requires that private pension plans use the ________ person investment standard.

Question

Quizplus · Accepted Answer

ERISA requires that private pension plans use the "prudent person" investment standard, meaning that plan fiduciaries must act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person, acting in a similar capacity and familiar with such matters, would use. This standard is designed to ensure that plan assets are invested in a manner that is in the best interest of plan participants and beneficiaries.

ERISA Expressly Requires That Private Pension Plans Use the ________