The Employee Retirement Income Security Act demands there is a fiduciary to retirement plans. Who would not be considered a fiduciary?

Question

Quizplus · Accepted Answer

Trustees, employers, and investment advisors are all considered fiduciaries. These individuals exercise any discretionary authority or control over plan management and exercise any authority or control over management or disposition of plan assets. Additionally, they render investment advice for a fee or other compensation and have discretionary authority or responsibility over plan administration.

The Employee Retirement Income Security Act Demands There Is a Fiduciary