Fiduciary

Definition

Any person who does any of the following:

• Exercises any discretionary authority or discretionary control respecting management of such plan or exercises any authority or control respecting management or disposition of its assets
• Renders investment advice for a fee or other compensation, direct or indirect, with respect to any moneys or other property of such plan, or has any authority or responsibility to do so, or
• Has any discretionary authority or discretionary responsibility in the administration of such plan.

Referring Cite

IRC §4975(e)(3), ERISA §3(21)(A);