What legal mechanism might be used to facilitate the management of a pension fund by administrators on behalf of the plan members?

Question

Quizplus · Accepted Answer

A trust is the correct legal mechanism for managing a pension fund on behalf of plan members. In a trust arrangement, the administrators (trustees) hold and manage the pension assets for the benefit of the plan members (beneficiaries), which aligns with the purpose of a pension fund.

What Legal Mechanism Might Be Used to Facilitate the Management