# Investment Advice-Participants and Beneficiaries
> **Employee Benefits Security Administration** · Final rule. · Published 2009-01-21 · Effective 2009-03-23 · 74 FR 3822
## Document
- **Document number:** E9-710
- **Category:** retirement-erisa
- **Sub-agency:** Employee Benefits Security Administration
- **Federal Register citation:** 74 FR 3822
- **CFR reference:** 29 CFR 2550
- **Publication date:** 2009-01-21
- **Effective date:** 2009-03-23
## Abstract

This document contains final rules under the Employee Retirement Income Security Act, and parallel provisions in the Internal Revenue Code of 1986, relating to the provision of investment advice by a fiduciary adviser to participants and beneficiaries in participant- directed individual account plans, such as 401(k) plans, and beneficiaries of individual retirement accounts (and certain similar plans). These rules affect sponsors, fiduciaries, participants and beneficiaries of participant-directed individual account plans, as well as providers of investment and investment advice-related services to such plans.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2009/01/21/E9-710/investment-advice-participants-and-beneficiaries)
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