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| Is your company exposed to 401(k) fiduciary risk? Try your hand at these five questions. |
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Dave Cook,
CFO.com | US
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False. A person can be a fiduciary whether or not he or she has been formally named one in the plan document, says Mary Turk-Meena, a principal and employee-benefits specialist with Deloitte & Touche in Charlotte, North Carolina. There are executives and human-resource managers in companies all over the country, she adds, who may have no idea that they are fiduciaries. (Read more in "Prudent Man with a Plan.")
Question #5 And finally, true or false: A finance executive handling pension investments is held to a higher legal standard of performance than one handling corporate investments.
See the answer Return to beginning of quiz
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