401(k) Plan Administrator Fiduciary Responsibility

Written by True Tamplin, BSc, CEPF®

Reviewed by Editorial Team

Updated on March 12, 2023

Fiduciary Duty Defined

If your 401(k) advisor has fiduciary responsibility, it means that they are obligated to act not only in their own best interest and the interest of your employer funding the plan, but also in your own best interest.

Fiduciaries are required to make decisions to ensure that your plan is as successful as possible.

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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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