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Fiduciary

A person or organization legally responsible for managing assets or money for the benefit of another, often a retirement plan manager.

Pecuniary factors

Financial considerations that affect the risk or expected return of an investment, such as profit potential, asset value, or market conditions.

Nonpecuniary factors

Non-financial considerations, such as environmental, social, political, or ideological goals, that are separate from an investment's direct financial risk and return.

ERISA

The Employee Retirement Income Security Act of 1974, a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to protect individuals in these plans.

Shareholder rights

The rights that come with owning shares of a company's stock, including the right to vote on company matters (like electing directors or major business decisions) and other corporate actions.

Capita aut navia standard

A random tie-breaking method that a fiduciary must use when they cannot distinguish between investment options based on financial factors alone, ensuring no additional weight is given to non-financial considerations.