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This direct final rule removes 29 CFR 2550.404a-4 from the Code of Federal Regulations. This regulatory fiduciary safe harbor for the selection of annuity providers for the purpose of benefit distributions from individual account retirement plans covered by title I of the Employee Retirement Income Act of 1974 (ERISA) became unnecessary in 2019 when Congress amended ERISA to add a more streamlined fiduciary safe harbor covering the same activity. As a result, the regulatory safe harbor offers an unnecessary and inefficient alternative and this rule eliminates waste of resources associated with analyzing both alternatives. This direct final rule is being taken pursuant to Executive Order 14192, Unleashing Prosperity Through Deregulation.