Fiduciary Responsibilities definition

Fiduciary Responsibilities means those operational and administrative duties required to be performed by fiduciaries pursuant to the provisions of Part 4 of Subtitle B of Title I of ERISA.
Sample 1Sample 2
Fiduciary Responsibilities means those fiduciary, operational and administrative duties performed by individuals designated as fiduciaries, or acting in the capacity of a fiduciary under the Plan, pursuant to the provisions of Part 4 of Title I of ERISA. Any person acting as a fiduciary may also perform any other role for the Company and/or its affiliates.
Sample 1

Examples of Fiduciary Responsibilities in a sentence

  • Meeting Your Fiduciary Responsibilities, U.S. Dep’t of Labor Employee Benefits Security Admin.

  • Reporting the City’s Fiduciary Responsibilities The City is responsible in a fiduciary capacity for other assets that can only be used for designated beneficiaries.

  • No. 2004-03, Fiduciary Responsibilities of Directed Trustees (2004).

  • Principle 4.5 Fiduciary Responsibilities of Directors and KansayakuWith due attention to their fiduciary responsibilities to shareholders, the directors, kansayaku and the management of companies should secure the appropriate cooperation with stakeholders and act in the interest of the company and the common interests of its shareholders.

  • Fiduciary Responsibilities of Custodian Banks A master custodian is fiduciarily responsible for the proper safekeeping, valuation, pricing, accounting and reporting of fund assets.To fulfill its obligations under the modern Prudent Investor Rule, it is extremely important for the Department to carefully follow a well-articulated, written investment process with respect to each fund that it manages and to adopt and maintain up-to-date written investment policy statements for each fund.

  • Fiduciary Responsibilities of The Primary Fiduciary (Commissioner and staff)  Prepare written investment policies and document the investment process in writing.

  • Additionally, several small (i.e., bankfull widths less than 5 m) unnamed watercourses contribute to the overall fish habitat function throughout the Workfront.

  • This is not a lay person standard, but instead “requires expertise in a variety of areas, such as investments.” Dep’t of Labor, Meeting Your Fiduciary Responsibilities (Sept.

  • The City as Trustee Reporting the City’s Fiduciary Responsibilities The City is the trustee, or fiduciary, for its volunteer firefighters pension plan.

  • See Department of Labor, Fiduciary Responsibilities, available at and these fiduciaries must be named in the plan document.103 Section 404(a)(1) of ERISA establishes the duties owed by a fiduciary to participants and beneficiaries of a plan.

Related to Fiduciary Responsibilities

  • Responsibilities means the responsibilities delegated to BNY under the Rule as a Foreign Custody Manager with respect to each Specified Country and each Eligible Foreign Custodian selected by BNY, as such responsibilities are more fully described in Article III of this Agreement.

  • Institutional Responsibilities means an investigator’s professional responsibilities on behalf of the University, which may include for example: activities such as research, research consultation, teaching, professional practice, University committee memberships, and service on panels such as Institutional Review Boards or data and safety monitoring boards.

  • Fiduciary has the meaning set forth in ERISA Section 3(21).

  • TAXPAYERS' RIGHTS AND RESPONSIBILITIES means the rights provided to taxpayers in sections 718.11 , 718.12 , 718.19, 718.23, 718.36, 718.37, 718.38, 5717.011 , and 5717.03 of the Ohio Revised Code and any corresponding ordinances of the Municipality, and the responsibilities of taxpayers to file, report, withhold, remit, and pay municipal income tax and otherwise comply with Chapter 718. of the Ohio Revised Code and resolutions, ordinances, and rules adopted by a municipal corporation for the imposition and administration of a municipal income tax.

  • Named Fiduciary means the Fiduciary or Fiduciaries named herein or in the Adoption Agreement who jointly or severally have the authority to control and manage the operation and administration of the Plan.

  • Customer Responsibilities means the responsibilities of the Customer set out in paragraph 6.1 of the Order Form;

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • Fiduciary Account means an account in which the lawyer deposits fiduciary property.

  • Official responsibility means administrative or operating authority, whether intermediate or final, to initiate, approve, disapprove or otherwise affect a procurement transaction, or any claim resulting therefrom.

  • Responsibility means a duty for which a person is accountable by virtue of licensure.

  • parental responsibility , in relation to a child, means all the duties, powers, responsibilities and authority which, by law, parents have in relation to children.

  • Area of responsibility means the geographical area, as

  • Residual parental rights and responsibilities means all rights and responsibilities remaining with the

  • Corporate Social Responsibility means Corporate Social Responsibility (CSR) as defined in Section 135 of the Companies Act, 2013 and Companies Corporate Social Responsibility Policy) Rules, 2014;

  • Duties includes obligations. (5) The word “person” includes natural persons, firms, companies, associations, partnerships, trusts, corporations, governmental agencies and units, and other legal entities. (6) The word “shall” is mandatory. (7) The word “day” means calendar day. (8) The word “Work” is defined in Section 2. (9) A definition in this contract will not apply to the extent the context requires otherwise.

  • Plan Fiduciary As defined in Section 5.3(o).

  • Independent Fiduciary means an independent fiduciary who will serve as a fiduciary to the Plan in accordance with Article 3 that has no relationship or interest in any of the Settling Parties and is mutually agreed to by the Settling Parties.

  • Proof of financial responsibility means proof of ability to respond in damages for liability, on account of accidents occurring after the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in the amount of twenty-five thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, in the amount of fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and in the amount of twenty-five thousand dollars because of injury to or destruction of property of others in any one accident.

  • Role means the part or parts an Actor plays in a performance, or the "track" that an Artist follows in performance. The Artist may agree to participate in scene changes and/or supplemental business as part of their originally contracted Role.

  • Family relationship means a relationship between a person and another person within the third degree by consanguinity or the second degree by affinity, as those terms are defined by Subchapter B, Chapter 573, Texas Government Code.

  • Non-bank fiduciary or agent means a fiduciary or agent other than (a) a bank, as defined in Section 3(a)(2) of the Securities Act, or (b) a savings and loan association, as defined in Section 3(a)(5)(A) of the Securities Act.

  • Deputy Minister means the Deputy Minister of the Ministry.

  • Substantially relates means the nature of criminal conduct for which the person was convicted has a direct bearing on the fitness or ability to perform one or more of the duties or responsibilities necessarily related to the occupation; and

  • Fiduciaries means professional firms such as auditors, accountancy firms, law firms, analysts, insolvency professional entities, consultants, banks etc., assisting or advising the Company.

  • Oversight means the term as it is defined in the Stewardship Agreement between CDOT and the FHWA.

  • extended producer responsibility ’ (EPR) means responsibility of any producer of packaging products such as plastic, tin, glass, wrappers and corrugated boxes, etc., for environmentally sound management, till end-of-life of the packaging products ;