Labels:book | reckoner OCR: Numerous circuit courts, in defining the scope of the fiduciary definition, have interpreted the phrase *+ the extent' one of limitation." "T]he inclusion the phrase to the extent jr 5l002(21)(A} means that party fiduciary only a the ac tivities which the person within the definition. The statutory langua age plainly indicates that the fiduciary function 16 y0u an indivisible one." Coleman T Nationwide Life Itis Co. 969 F2d at 61 The phrase "tc the extent thus creates a division betwecn single entity's functions those which give rise to fiduci ary obligations and those which do not Section of 401(b){2)B} demands the same approach A contract ERISAS or policy insurance divisible and only exempt frorn fiduciary duty provisions *to the extent 'provides for benefits is the not amount ot "guaran ...
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