Which of the Following Is a Fiduciary Duty Under ERISA

question 20

Multiple Choice

Which of the following is a fiduciary duty under ERISA?

• A)ensuring that plans operate in accordance with plan documents and ERISA
• B)maintaining the firm's stock in the pension fund assets to minimize the risk of large losses
• C)managing benefit plans and funds solely in the interest of the plan employer
• D)keeping benefit plan costs as low as possible

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Definitions:

Dynamically and Reciprocally Interacting

A process or situation where factors or entities influence each other in complex and interrelated ways over time.

Regression

A return to earlier stages of development or behavior in response to stress or trauma.

Freud

Sigmund Freud, an Austrian neurologist, pioneered psychoanalysis, which is a therapeutic approach for addressing mental disorders through conversations between a psychoanalyst and their patient.

Ego

A psychoanalytic term referring to the part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.