DOL’s rule would add a lot of fiduciaries into the mix
![dol fiduciaries](https://s32566.pcdn.co/wp-content/uploads/2023/10/Fiduciary-compliance-951x634.jpg.optimal.jpg)
But even those who already work in a fiduciary capacity will be affected, one lawyer says.
Advisors who make one-off recommendations to 401(k) plans and participants may face a new reality under the latest fiduciary rule proposed by the Department of Labor: They will be fiduciaries, whether they like it or not.
Tuesday, the agency proposed a rule that would again redefine “fiduciary�
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