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Proposed DOL Regs on Investment Advice to Self-Directed Plan Participants by Fiduciaries Receiving Fees (PDF)
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] 
[Official Guidance] Aug. 22, 2008
29 pages. Excerpt from DOL press release: 'The PPA amended [ERISA] by adding a new prohibited transaction exemption that allows greater flexibility for participants of 401(k) plans and IRAs to obtain investment advice. One of the ways in which investment advice may be given under the exemption is through the use of a computer model certified as unbiased, the other is through an adviser compensated on a 'level-fee' basis. Several other requirements also must be satisfied, including disclosure of fees the adviser is to receive.
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