Arkansas Code Title 24. Retirement and Pensions § 24-2-803. Standard of care--Sole interest and prudent person

(1) Solely in the pecuniary interest of the participants and beneficiaries and for the exclusive purpose of:

(2) With the care, skill, prudence, and diligence under the prevailing circumstances that a prudent person acting in a similar capacity and familiar with such matters would use in the conduct of an enterprise of a similar character and with similar aims;

(3) By diversifying the investments of the pension benefit plan so as to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so; and

(4) In accordance with the documents and instruments governing the pension benefit plan insofar as the documents and instruments are consistent with the provisions of this subchapter.