A person with this title manages employee benefits plans and pension plan funds to ensure the welfare of participants and beneficiaries while defraying reasonable plan expenses.(Title I: Protection of Employee Rights)

Question

Quizplus · Accepted Answer

A person with this title is a fiduciary, as they are managing employee benefits and pension plan funds with the responsibility of ensuring the welfare of participants and beneficiaries while controlling plan expenses. Fiduciaries must act in the best interests of the plan participants and may face legal consequences if they fail to do so.

A Person with This Title Manages Employee Benefits Plans and Pension