### Question
What does fiduciary mean?


### Answer
**Fiduciary** has the following meaning in *26 U.S.C. § 4975*:

> any person who—



(A) exercises any discretionary authority or discretionary control respecting management of such plan or exercises any authority or control respecting management or disposition of its assets,



(B) renders investment advice for a fee or other compensation, direct or indirect, with respect to any moneys or other property of such plan, or has any authority or responsibility to do so, or



(C) has any discretionary authority or discretionary responsibility in the administration of such plan

#### Citation:
  - *26 U.S.C. § 4975*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 43-QUALIFIED PENSION, ETC., PLANS**

