What is the duty to diversify investments under ERISA

The primary responsibility of fiduciaries is to run the plan solely in the interest of participants and beneficiaries and for the exclusive purpose of providing ... Pursuant to this statutory authority, the OCC has issued regulations that describe the multi-state fiduciary authority of national banks (12 CFR 9.7) and FSAs ( ... A fiduciary is responsible for the prompt, efficient and impartial administration of the decedent's estate. A transfer tax is imposed when assets are transferred from an estate to heirs and beneficiaries. The purpose and filing requirements for both taxes are the ... A fiduciary is someone who accepts the responsibility for taking care of the needs or property of another person for the benefit of that person. A chapter 7 or 11 bankruptcy estate is a separate and distinct taxable entity from the individual debtor for income tax purposes. Every fiduciary is required to ... The objective of this Statement is to improve guidance regarding the identification of fiduciary activities for accounting and financial reporting purposes. A board member's fiduciary responsibility is to act in the best interests of their company and its shareholders. Fiduciary duty is quite a simple concept. Mar 21, 2023 ... Duty of Care · Participating actively in board meetings · Serving on at least one committee · Working to advance the nonprofit's mission and ... May 31, 2016 ... The Duty of Loyalty. Public fiduciaries have an absolute obligation to put the public's interest before their own direct or indirect personal ...