Page 29 - DCAC November 2024 Files
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prudence and diligence…that a prudent man acting in a like capacity and familiar with such matters would use…”
state’s
Fiduciary Topics & Trends Fiduciary Education Duty of Loyalty: Act solely in the best interest of plan participants (and beneficiaries) ERISA Duty of Loyalty: “A fiduciary shall discharge his duties …solely in the interest of the participants and − beneficiaries and for the exclusive purpose of providing benefits to participants and their beneficiaries…” Duty of Prudence: Establish a prudent process for selecting &
