A guide for counsel to employee benefit plans governed by the Employee Retirement Income Security Act of 1974 (ERISA) to determine whether they should use a traditional investment management agreement (IMA) for a particular plan investment or an IMA tailored specifically for a qualified professional asset manager (QPAM) under prohibited transaction class exemption 84-14 (and amendments) issued by the Department of Labor (DOL) (QPAM Exemption).