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16:11 Mar 30, 2017 |
Portuguese to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Gilmar Fernandes United States Local time: 02:00 | ||||||
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Summary of answers provided | ||||
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4 | plan trustee |
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plan trustee Explanation: https://www.fool.com/knowledge-center/difference-between-a-t... The trustee of the plan has the primary fiduciary responsibility for ensuring that plan assets are managed for the best interests of the plan participants and their named beneficiaries. In particular, trustees must follow the plan's rules in administering the plan, and they must follow the standard of care that a reasonable fiduciary would follow in fulfilling their responsibilities. Trustees are specifically barred from engaging in prohibited transactions with pension assets, and they're not allowed to receive compensation from other parties dealing with the pension plan or take actions that create a conflict of interest. http://www.businessdictionary.com/definition/self-administer... -------------------------------------------------- Note added at 1 hr (2017-03-30 17:34:08 GMT) -------------------------------------------------- https://pt.wikipedia.org/wiki/VGBL |
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