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ASPPA on the Definition of Fiduciary

What constitutes investment advice under ERISA (Employee Retirement Income Security Act)? The U.S. Department of Labor is revisiting the 35 year old regulation that regulates how that advice is given--and what protections plan participants receive based on who is giving that advice. ASPPA's Executive Director Brian Graff explains how these changes will dramatically impact retirement plans across the nation and why clarification on the issue is key for both plan sponsors and participants.

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