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Education and Labor Committee Report of the 401(k) Fair Disclosure and Pension Security Act, H.R. 2989 (PDF)
American Benefits Council
[Official Guidance] Aug. 17, 2009
104 pages. Excerpt: The Committee on Education and Labor, to whom was referred the bill (H.R. 2989) to amend the Employee Retirement Income Security Act of 1974 to provide special reporting and disclosure rules for individual account plans and to provide a minimum investment option requirement for such plans, to amend such Act to provide for independent investment advice for participants and beneficiaries under individual account plans, and to amend such Act and the Internal Revenue Code of 1986 to provide transitional relief under certain pension funding rules added by the Pension Protection Act of 2006, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass.
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