The individual officially designated as being responsible for a financial account or activity.
Related information about named fiduciary:
- Named Fiduciary Definition | Investopedia
The named fiduciary is responsible for operating and administering a qualified retirement plan under the Employee Retirement Income Security Act (ERISA), ...
- Meeting Your Fiduciary Responsibilities
The named fiduciary can be identified by office or by name. For some plans, it may be an administrative committee or a company's board of directors. A plan's ...
- Unscrambling Fiduciary Confusion - 401khelpcenter.com
The Named Fiduciary is always considered a fiduciary within the meaning of ERISA section 3(21). That's why I have referred to such a fiduciary as a "full scope" ...
- What is named fiduciary? definition and meaning
Definition of named fiduciary: The individual officially designated as being responsible for a financial account or activity.
- ERISA Statutory Overview and Fiduciary Duties
The named fiduciary may employ one or more persons to render advice with ... The named fiduciary has authority to control and manage the operation and ...
- Fiduciary Duty Law & Legal Definition
Under ERISA, each pension plan must have a named fiduciary. In many cases, the named fiduciary is the CEO or CFO. It is common for the CEO or CFO to ...
- What Type Of ERISA Fiduciary Are You - The Center for Due Diligence
Jan 12, 2010 ... Although the “named fiduciary” retains authority to manage the plan, they ... such acknowledgement makes the advisor a “named fiduciary,” but ...
- A Closer Look at Fiduciary Status Under ERISA
Dec 1, 2011 ... A named fiduciary is the chief decision-maker in a plan. It retains, evaluates, and monitors plan fiduciaries and plan service providers, and ...