A Practice Note providing guidance on using the prohibited transaction class exemption for qualified professional asset managers (QPAMs) under the Employee Retirement Income Security Act of 1974 (ERISA) and the related provisions of the Internal Revenue Code (Code). The Note explains the DOL's 2024 amendments to Prohibited Transaction Class Exemption 84-14, including the new notice requirements, recordkeeping obligations, and expanded ineligibility due to criminal convictions or prohibited misconduct.