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Fiduciary Roles Under ERISA

Fiduciary Roles Under ERISA

Submitted by • March 5, 2020 www.pentegra.com

The Named Fiduciary holds the highest level of fiduciary responsibility for the plan. Think of the Named Fiduciary as the plan’s ‘CEO.’ The ERISA-Named Fiduciary is the principal fiduciary for a plan, and prudently monitors and documents all decisions affecting the plan and its investments. The Named Fiduciary can delegate responsibilities to others in order to provide varying levels of support for the plan. These roles can be both fiduciary and non-fiduciary in nature and can include the plan administrator, the Trustee, an investment advisor, or an investment manager.

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