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Text of DOL EBSA Field Bulletin 2007-1 on Investment to Participants After the PPA
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
[Official Guidance] Feb. 2, 2007
Says DOL's advisory opinions that found various activities not to be 'investment advice' for ERISA purposes are still in effect after the PPA. Also, '[I]t is the view of the Department that a plan sponsor or other fiduciary that prudently selects and monitors an investment advice provider will not be liable for the advice furnished by such provider to the plan's participants and beneficiaries, whether or not that advice is provided pursuant to the statutory exemption under section 408(b)(14).'
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