"[T]wo implications for larger plans are... [1] A consultant who is hired by a plan to provide investment advice on a one-time basis will now be considered a fiduciary. For example, a consultant who is hired to assist in selecting an annuity provider in connection with the termination of a defined benefit plan will be considered a fiduciary as a result of providing investment advice.... [2] Any recommendation as to the amount and destination of a distribution or rollover from a retirement plan also constitutes investment advice resulting in fiduciary status under the new rule."  MORE >>