Question: It was given as it is, answers it as two questions. Which of the following statements are correct? 1. ESOP trustees are held to a

It was given as it is, answers it as two questions.

Which of the following statements are correct? 1. ESOP trustees are held to a standard of a fiduciary. 2 ESOP trustees hold funds in trust" for the benefit of the employees, participants, and their beneficiaries. 3. ESOP trustees can be individuals, committees or entities Some conflicts of interests among employees, the corporation, and management of the corporation do not require the ESOP trustee to resign All of the above 1 and 2 1, 2 and 3 2 and 3

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