Definitions for "Fiduciaries"
People who have a legal responsibility for administering the assets of others (also called trustees)
The people responsible for the operation of the FSSP. Under ERISA, fiduciaries of the FSSP have a duty to operate the plan prudently and in the interest of plan participants and beneficiaries.
The people or entities responsible for operating a plan. At Northrop Grumman, plan fiduciaries may include employees who make certain discretionary decisions about the management or administration of the plans. Fiduciaries also may include outside investment advisors and trustees.