Plan Fiduciary in ERISA 403(b)?

[Lori H]

Generally, who would be considered plan fid in a small (less than 20 participant) plan? Board of directors? investment adviser? non-producing TPA? corporate? What is most common?

[QDROphile]

The plan document should cover designation of the fiduciary. You do not want to be in the position of "considering" who might be a fiduciary by default. Best practice would not be to name the sponsor or the governing body.

[mbozek]

Generally, who would be considered plan fid in a small (less than 20 participant) plan? Board of directors? investment adviser? non-producing TPA? corporate? What is most common?

Who is designated as fiduciary under the plan to invest plan assets and make decisions on distributions? Why would any of the above be fiduciaries?