Fiduciary Consulting:

 Who is a Plan Fiduciary?

For the most part, those individuals affiliated with the plan sponsor such as officers, directors and plan committee members are also considered fiduciaries. The same holds true for the plan administrator, trustee, and investment managers. Recent court decisions have also stated that many financial advisors and financial consultants to qualified retirement plans are fiduciaries. These could include brokers who selected funds to be included in a Qualified plan or who advised plan sponsors to select a particular package of investments and services.