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7/26/2007--Introduced.<br/>401(k) Fair Disclosure for Retirement Security Act of 2007 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to prohibit an administrator of an individual account plan that includes a qualified cash or deferred arrangement to enter into any contract for services to the plan without a written statement that identifies who will be performing such services, describes each such service, and specifies the expected total annual cost of such services. Requires the Secretary of Labor to prescribe a model statement that may be used for purposes of satisfying such requirements. Limits the requirements for such a statement to contracts for services if the total cost for such services equals or exceeds $1,000.<br/>Requires an administrator of an individual account plan that permits participants or beneficiaries to exercise control over their account assets to: (1) provide to each such participant or beneficiary a notice of the investment options available for election, including a fee menu and an annual benefit statement; and (2) include at least one investment option that is a nationally recognized market-based index fund that meets certain requirements. Requires the Secretary to make available to small employers: (1) educational and compliance materials to assist in selecting and monitoring service providers for individual account plans, investment options, and fees; and (2) services to assist in finding and understanding affordable investment options for such plans. Establishes in the Department of Labor (DOL) an Advisory Council on Improving Employer-Employee Retirement Practices. Requires the Council to issue an annual report on the state of U.S. retirement income security.<br/>Sets forth provisions regarding enforcement of this Act.

1208318400 2008-04-16 Fri Nov 07 00:27:28 -0600 2008 introduced 45471 'k':2 '401':1 'act':8 '2007':10 'fair':3 'retir':6 'secur':7 'disclosur':4 51583 short introduced 45471 'act':8 '1974':10 'plan':21 'rule':17 'amend':2 'incom':6 'labor':29 'retir':5,38 'secur':7 'depart':27 'employ':36 'improv':34 'provid':12 'report':14 'account':20 'council':32 'employe':4,37 'practic':39 'special':13 'advisori':31 'individu':19 'disclosur':16 'establish':24 'employer-employe':35 48724 official calendar 45471 1208318400 Wed Apr 16 00:00:00 -0500 2008 155318 Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19. M000725 1945-05-17 8165 2205 Rayburn House Office Building http://georgemiller.house.gov/contactus/2007/08/post_1.html 7 202-225-5609 George 'd':4 '-7':6 'ca':5 'rep':1 'georg':2,7,9 'miller':3,8,10 M 400278 Miller George_Miller Rep. George Miller [D, CA-7] 4634 N00007390 9986 Democrat 202-225-2095 Catholic CA George Miller 2.1875 http://georgemiller.house.gov/ RepGeorgeMiller M001149 1955-01-18 2147 1724 Longworth House Office Building https://forms.house.gov/michaud/webforms/issue_subscribe.htm 2 202-225-2943 Michael 'd':4 '-2':6 'rep':1 'michael':2,7,9 'michaud':3,8,10 M 400274 Michaud Michael_H._Michaud H. Rep. Michael Michaud [D, ME-2] 1056 N00024770 6269 Democrat 202-225-6306 Roman Catholic ME Mike Michael Michaud 2.625 http://michaud.house.gov/ S001165 1951-01-26 1425 1024 Longworth House Office Building https://forms.house.gov/sires/webforms/issue_subscribe.htm 13 202-226-0792 Albio 'd':4 'nj':5 '-13':6 'rep':1 'sire':3,8,10 'albio':2,7,9 M 412186 Sires Albio_Sires Rep. Albio Sires [D, NJ-13] 622 N00027523 5771 Democrat 202-225-7919 NJ Albio Sires http://www.house.gov/sires/ RepSiresNJ13 calendar 45471 1208318400 Wed Apr 16 00:00:00 -0500 2008 155318 Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19. action 45471 1208318400 Wed Apr 16 00:00:00 -0500 2008 150255 Committee Consideration and Mark-up Session Held. action 45471 1191470400 Thu Oct 04 00:00:00 -0500 2007 133693 Committee Hearings Held. action 45471 1190174400 Wed Sep 19 00:00:00 -0500 2007 130997 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. introduced 45471 1185422400 Thu Jul 26 00:00:00 -0500 2007 124179 action 45471 1185422400 Thu Jul 26 00:00:00 -0500 2007 124180 Referred to the House Committee on Education and Labor.