Question Title * Info: (Required.) Name Company Email Address NEXT Question Title * Which of the following best defines a fiduciary under ERISA? A person who handles payroll for the company. A person who manages the company’s investments without discretion. A person who exercises discretion over the management of the plan or its assets, renders investment advice for compensation, or has any decision-making authority. A person who reviews plan documents annually. NEXT Question Title * What is one of the key responsibilities of a fiduciary when managing plan investments? Selecting the cheapest available investments. Documenting the decision-making process for investment selection and monitoring. Offering investments only to highly compensated employees. Avoiding the diversification of investments. NEXT Question Title * According to best practices, how soon should participant contributions be deposited into the retirement plan after the paycheck date? Within 15 business days. Within 7 business days. As soon as administratively feasible, ideally within 3 business days. Before the end of the month. NEXT Question Title * Which of the following is NOT a fiduciary responsibility related to service providers? Selecting service providers based on the lowest fees. Documenting the process of selecting and monitoring service providers. Evaluating service providers based on their financial condition, track record, and any recent litigation. Ensuring service providers are licensed and maintaining their licenses if required. NEXT SUBMIT