{{statusText}}
{{statusText}}
jq80308

What are the protections provided by fiduciary rules of Employee Retirement Income Security Act (ERISA)?

Note: {{noteText}}
{{noteText}}
 
 
  •  
  •  
  •  
Answered by Rachel Green
0 Upvotes

Protections provided by fiduciary rules of Employee Retirement Income Security Act

ERISA protects plans from mismanagement and misuse of assets through its fiduciary provisions. It defines a fiduciary as anyone who exercises discretionary control or authority over plan management or plan assets, anyone with discretionary authority or responsibility for the administration of a plan, or anyone who provides investment advice to a plan for compensation or has any authority or responsibility to do so.   
jca68887
Note: {{noteText}}
{{noteText}}
Written 3 years ago
 
 
  •  
  •  
  •  
Scroll Down