Revised version of the prudent man rule required by ERISA to guide managers of pension and profit sharing portfolios. The main addition is that the manager must act as someone with familiarity with matters relating to the management of money, not just prudence.
Related information about Prudent Expert Act:
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A measure contained in section 404(a)(1)(B) of the Employee Retirement Income Security Act (ERISA) that requires the fiduciary of a defined contribution ...
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Definition of Prudent Expert Act: Revised version of the prudent man rule required by ERISA to guide managers of pension and profit sharing portfolios.
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... letters testamentary · joint venture · escrow account. Related Terms. Prudent Expert Act. Browse by Letter: #ABCDEFGHIJKLMNOPQRSTUVWXYZ. Resources ...
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Prudent Expert Act. Requires the fiduciary of a defined contribution retirement plan to use "care, skill, prudence and diligence", and to act in the same way that ...
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Feb 4, 2010 ... specific legal lists require fiduciaries to uphold the Prudent Investor Act. *Prudent Expert Act Definition Revised version of the prudent man rule ...
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Prudent Expert Act The revised version of the prudent man rule required by ERISA to guide managers of pension and profit sharing portfolios. Prudent Investor ...