A flowchart that provides a high-level overview of the exceptions to the Department of Labor's (DOL's) plan assets regulation to assist in determining whether an entity, such as a hedge fund, private equity fund, or other collective investment vehicle or issuer, that is not itself an employee benefit plan subject to ERISA, is treated as holding assets of benefit plan investors (BPI) (as defined under ERISA Section 3(42) (29 U.S.C. § 1002(42)).