Diversifying a pension plan's investments to minimize the risk of large losses is considered a fiduciary responsibility.(Title I: Protection of Employee Rights)

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According to Title I: Protection of Employee Rights under ERISA, fiduciaries of pension plans are required to act in the best interest of plan participants and beneficiaries, which includes diversifying investments to minimize the risk of large losses. Therefore, diversification is considered a fiduciary responsibility.

Diversifying a Pension Plan's Investments to Minimize the Risk of Large