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March 11, 2026
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DOL Rule Litigation: Decision Expected Soon
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A decision may be imminent in litigation over the Department of Labor’s 2024 fiduciary rule after the
DOL and plaintiffs jointly filed an unopposed motion last week asking the court to enter final
judgment vacating the rule. The parties have indicated the court already has the full record needed to issue a ruling.
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Industry plaintiffs in the case include the Insured Retirement Institute (IRI) and other major insurance and
financial services trade groups. If the court grants the proposed order, the entire 2024 rulemaking package
would be vacated, including the amendments to the long-standing five-part fiduciary test and the related
prohibited transaction exemptions (PTEs).
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Retirement and insurance industries have followed this litigation closely since the rule proposal was first
released in October 2023. Industry organizations, including IRI and their members, have worked collaboratively
throughout this process to advocate for a regulatory framework that both protects consumers and preserves access
to retirement advice and solutions.
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While we do not yet know exactly when the court will rule on the motion, industry groups involved in the litigation
are optimistic that the court could act relatively soon.
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Legacy Marketing Group® would like to thank the industry groups that participated in the litigation for their invaluable
contributions and ongoing advocacy to help ensure that Americans have access to essential retirement products and services.
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For more information, call Legacy’s Marketing Field Support Team at
800-395-1053, Ext. 4002.
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