Question
which of the following statements correctly describes fiduciary responsibility under ERISA? A. Individuals who sell investments to the plan usually are considered fiduciaries. B. The
which of the following statements correctly describes fiduciary responsibility under ERISA?
A. Individuals who sell investments to the plan usually are considered fiduciaries.
B. The exclusive-benefit rule requires that fiduciaries discharge their duties solely in the interest of the plan's participants and beneficiaries for the exclusive purpose of providing benefits and defraying reasonable expenses .
C. Fiduciaries must only act prudently when they are choosing risky investments.
D. A fiduciary can select an investment that benefits the fiduciary, as long as the investment is prudent.
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