A Fiduciary must :

Act solely in the interest of participants and beneficiaries

Act with the "care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use . . ."

ERISA Section 404(a)(1)(B)

Diversify the plan's investments, if prudent

Follow the provisions of the plan's documents (unless inconsistent with ERISA)

Assure that plan expenses are reasonable and necessary

Avoid prohibited transactions

W H A T   A R E   T H E   R E S P O N S I B I L I T I E S   O F   A   F I D U C I A R Y ?

Fiduciaries can be personally liable for losses for failing to live up to ERISA's fiduciary standards. 

Securities offered through Gradient Securities, LLC (Arden Hills, MN 866-991-1539).   Member FINRA/SIPC.  Investment advisory services offered through Cornerstone Wealth Advisors, Inc., a California and Texas Registered Investment Advisor. Gradient Securities, LLC and its representatives do not render tax, legal, or accounting advice.  Insurance products and services are offered through Michael Sellman, Independent Agent.  California Insurance License number 0G40881.  Cornerstone Wealth Advisors, Inc. is not affiliated with Gradient Securities, LLC. Gradient Securities, LLC and Cornerstone Wealth Advisors, Inc. are not affiliated with the Social Security Administration or any government agency. The presence of this website shall in no way be construed or interpreted as a solicitation to sell any products or services to any residents of any state other than where legally permitted. Check the background of this investment professional on FINRA's BrokerCheck ».

© 2019 Cornerstone Wealth Advisors, Inc.

  • LinkedIn - White Circle