# ERISA fiduciary

> ERISA fiduciary — Anyone who exercises discretion over a plan or its assets, starting with the named fiduciary the plan document must name. Must act solely in participants' interest, for the exclusive purpose of providing benefits and paying reasonable plan expenses, prudently, diversifying investments, and by the plan's terms.

Source: https://lopifi.com/glossary/erisa-fiduciary
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is erisa fiduciary?** In accounting, ERISA fiduciary means anyone who exercises discretion over a plan or its assets, starting with the named fiduciary the plan document must name. Must act solely in participants' interest, for the exclusive purpose of providing benefits and paying reasonable plan expenses, prudently, diversifying investments, and by the plan's terms.

## Words this system refuses for it

- plan administrator alone
- the broker

- **Category:** Benefits
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** plan-document, erisa