Which of the following is an example of a federal fiduciary?

The role of a representative payee is an excellent example of a federal fiduciary because this individual is designated by the Social Security Administration (SSA) to receive and manage Social Security or Supplemental Security Income (SSI) benefits on behalf of someone who is unable to do so themselves, typically due to incapacity or a disability. The representative payee's duties include ensuring that the benefits are used for the recipient's needs, such as paying for housing, food, and medical costs, and managing any remaining funds prudently. This aligns with the definition of fiduciary responsibility, which emphasizes acting in the best interest of another party.

Other roles such as a trustee, legal guardian, and conservator can also involve fiduciary responsibilities, but they are generally associated with state law rather than federal administrative functions. While those roles may maintain similar obligations of loyalty and care, their recognition as fiduciaries and regulatory frameworks differ from the specific federal context in which a representative payee operates.