Fiduciary is the Employee Retirement Income Security Act (ERISA) defines a fiduciary as any person who exercises any discretionary authority or control over a plan's asset management, administration or disposition, or renders investment advice for a fee or other compensation with respect to a plan's assets. Fiduciaries may include staff, trustees, investment board members, administrators, consultants, actuaries and investment managers. ERISA permits civil action to be brought by a beneficiary against any fiduciary that has breached its fiduciary duty. Fiduciaries can be held personally liable for any losses to a plan resulting from such breach.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). fiduciary. Retrieved September 23, 2026, from http://smartdefine.org/fiduciary/definitions/1153877 |
| Chicago | Barry Goldsmith. 2010. "fiduciary" http://smartdefine.org/fiduciary/definitions/1153877 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, fiduciary, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/fiduciary/definitions/1153877>. |
| MLA | Barry Goldsmith. "fiduciary" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/fiduciary/definitions/1153877> |