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Who is considered a Fiduciary under ERISA law?

April 26, 2017ERISA Fiduciary Law

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Who is considered a Fiduciary under ERISA law?

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A Fiduciary is any person who… “exercises any discretionary authority or discretionary control in managing the plan or who has any authority or control in managing or disposing of its assets; renders investment advice for a fee or compensation with respect to any monies or other property belonging to the plan; or has any discretionary authority or responsibility in administrating the plan.