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Prior to the fiduciary rule, many took an expansive interpretation of the Stapley Letter and related guidance and disclaimed ERISA fiduciary status for all services provided to a plan or its participants. Post-Rule, some providers are finding it impracticable or inadvisable to completely disclaim fiduciary status for all conduct. (Photo: Shutterstock)

The Obama-era regulation re-defining who is a “fiduciary” (the DOL fiduciary rule or the Rule) under the Employee Retirement Income Security Act of 1974 (ERISA) is officially dead.


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