{"id":3795,"date":"2017-12-21T10:22:48","date_gmt":"2017-12-21T15:22:48","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?p=3795"},"modified":"2026-07-21T10:24:31","modified_gmt":"2026-07-21T14:24:31","slug":"who-are-esop-fiduciaries-and-what-are-their-responsibilities","status":"publish","type":"post","link":"https:\/\/www.stevenslee.com\/sesesop\/resources\/who-are-esop-fiduciaries-and-what-are-their-responsibilities\/","title":{"rendered":"Who Are ESOP Fiduciaries and What Are Their Responsibilities?"},"content":{"rendered":"<ul>\n<li>Any person with discretion over the management or administration of a plan, or who exercises any authority or control over plans assets, is a fiduciary under ERISA. The ESOP trustee, or any other person or committee designated in the plan documents as responsible for making investments in company stock, is a \u201cnamed fiduciary.\u201d<\/li>\n<li>ERISA requires that plan fiduciaries act prudently and solely in the interest of plan participants. Three of the most important responsibilities of an ESOP fiduciary are:\n<ul>\n<li>Securing a proper valuation of the stock;<\/li>\n<li>Assuring that the interests of plan participants are protected in ESOP transactions; and<\/li>\n<li>Approving purchases and sales of ESOP stock.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Any person with discretion over the management or administration of<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-3795","post","type-post","status-publish","format-standard","hentry","category-resources"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Who Are ESOP Fiduciaries and What Are Their Responsibilities? 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