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Among the smallest 403(b) plans, only 55 percent of plan sponsor respondents said they were aware of the fiduciary rule.(Photo: Getty)

Nearly six of 10 nonprofit sponsors of 403(b) plans are not planning any changes to their retirement plans when the Department of Labor’s fiduciary rule is implemented, according to a survey by the Plan Sponsor Council of America.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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