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DOL Restores ERISA 5-Part Test After Fiduciary Rule Is Vacated
401(k) Specialist 
[Guidance Overview] Mar. 19, 2026 "Shortly after final judgments entered in the Northern and Eastern Districts of Texas this week officially vacated the Biden-era 2024 final rule, ... the [DOL's] Employee Benefits Security Administration late Wednesday restored [ERISA's] five-part test for determining whether a person is an investment advice fiduciary.... The late-Wednesday news drew a quick and lengthy response on LinkedIn from Lisa Gomez, who led EBSA under the Biden administration." MORE >> |
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