United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2024_register executive 2024-04-25 article Part IV Rules and Regulations D09002ee1c67e024f D09002ee1c67e034b United States Department of Labor originator org United States Government Agency or Subagency United States Employee Benefits Security Administration originator org United States Government Agency or Subagency The Department of Labor (Department) is adopting a final rule defining when a person renders "investment advice for a fee or other compensation, direct or indirect" with respect to any moneys or other property of an employee benefit plan, for purposes of the definition of a "fiduciary" in the Employee Retirement Income Security Act of 1974 (Title I of ERISA or the Act). The final rule also applies for purposes of Title II of ERISA to the definition of a fiduciary of a plan defined in Internal Revenue Code (Code), including an individual retirement account or other plan identified in the Code. The Department also is publishing elsewhere in this issue of the Federal Register amendments to Prohibited Transaction Exemption 2020-02 (Improving Investment Advice for Workers & Retirees) and to several other existing administrative exemptions from the prohibited transaction rules applicable to fiduciaries under Title I and Title II of ERISA. 89 FR 32122 https://www.govinfo.gov/app/details/FR-2024-04-25/2024-08065 2024-08065 fr25ap24-22 RIN 1210-AC02 4510-29-P https://www.govinfo.gov/app/details/FR-2024-04-25/2024-08065 https://www.govinfo.gov/content/pkg/FR-2024-04-25/html/2024-08065.htm https://www.govinfo.gov/content/pkg/FR-2024-04-25/pdf/2024-08065.pdf Employee Benefit Plans Employee Retirement Income Security Act Pensions Plan Assets 137 p. 32122 32258 89 FR 32122 Title 29 Part 2510 29 CFR Part 2510 RIN 1210-AC02 Retirement Security Rule: Definition of an Investment Advice Fiduciary; Federal Register Vol. 89, Issue RULE 2024-08065 IV DEPARTMENT OF LABOR Employee Benefits Security Administration 2024-09-23 4510-29-P 2024-08065 Final rule

The Department of Labor (Department) is adopting a final rule defining when a person renders "investment advice for a fee or other compensation, direct or indirect" with respect to any moneys or other property of an employee benefit plan, for purposes of the definition of a "fiduciary" in the Employee Retirement Income Security Act of 1974 (Title I of ERISA or the Act). The final rule also applies for purposes of Title II of ERISA to the definition of a fiduciary of a plan defined in Internal Revenue Code (Code), including an individual retirement account or other plan identified in the Code. The Department also is publishing elsewhere in this issue of the Federal Register amendments to Prohibited Transaction Exemption 2020-02 (Improving Investment Advice for Workers & Retirees) and to several other existing administrative exemptions from the prohibited transaction rules applicable to fiduciaries under Title I and Title II of ERISA.

This regulation is effective September 23, 2024. <bullet> For questions regarding the rule: contact Luisa Grillo- Chope, Office of Regulations and Interpretations, Employee Benefits Security Administration (EBSA), 202-693-8510. (Not a toll-free number). 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Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2024-04-25 P0b002ee1c67dce12 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr25ap24 https://www.govinfo.gov/app/details/FR-2024-04-25 https://www.govinfo.gov/content/pkg/FR-2024-04-25/pdf/FR-2024-04-25.pdf https://www.govinfo.gov/content/pkg/FR-2024-04-25/xml/FR-2024-04-25.xml fdlp 31601 32359 DGPO 2024-04-25 2024-04-25 FR-2024-04-25 machine generated eng FR FR-2024-04-25 89 81