h 73 56805 1240286400 false 1245211200 1 1984 661 111 400278

4/21/2009--Introduced.401(k) Fair Disclosure for Retirement Security Act of 2009 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to prohibit an administrator of an individual account plan from contracting for services (including the offering of any investment option) to the plan unless the administrator has received in advance a written statement that: (1) specifies the services to be provided; (2) provides the expected total annual service charges allocated among specified components; and (3) discloses the impact of different mutual fund investment share classes as well as financial relationships with, or free or discounted services provided by, service providers. Limits applicability of such requirements to contracts or arrangements for services with a total cost reasonably expected to equal or exceed $5,000 per plan year. Continues to shield an individual account plan fiduciary from liability (as under current law) for any loss resulting from a plan participant's or beneficiary's exercise of control over the plan's assets, but only if the plan includes at least one investment option which: (1) is an unmanaged or passively managed mutual fund with a portfolio of securities designed to substantially match the performance of the entire U.S. equity market or the entire U.S. bond market, or a combination of them; (2) offers a combination of historical returns, risk, and charges likely to meet retirement income needs at adequate levels of contribution; and (3) is offered without any endorsement of the government or the plan sponsor. Requires the Secretary to notify the applicable regulatory authority about any service provider engaged in a pattern or practice that precludes requirement compliance.

1245211200 2009-06-17 Fri Nov 13 18:07:28 -0600 2009 introduced 56805 'k':2 '401':1 'act':8 '2009':10 'fair':3 'retir':6 'secur':7 'disclosur':4 74282 false short introduced 56805 'act':11 '1974':13 'plan':24,35 'rule':20 'titl':3 'amend':2 'incom':9 'retir':8 'secur':10 'invest':30 'option':31 'provid':15,27 'report':17 'requir':32 'account':23 'employe':7 'minimum':29 'special':16 'individu':22 'disclosur':19 72092 false official action 56805 1245211200 Wed Jun 17 00:00:00 -0500 2009 199768 Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 13 - 8 . M000725 1945-05-17 8184 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] 4642 N00007390 10016 Democrat 202-225-2095 Catholic CA George Miller 2.1875 http://georgemiller.house.gov/ RepGeorgeMiller A000210 1957-08-04 2573 2439 Rayburn House Building http://www.house.gov/andrews/contact_form_za.shtml 1 Robert 'd':4 '-1':6 'nj':5 'rep':1 'rob':9 'andrew':3,8,11 'robert':2,7,10 M 400008 Andrews Robert_E._Andrews E. Rep. Robert Andrews [D, NJ-1] 1160 Rob N00000826 8570 Democrat 202-225-6501 Episcopalian NJ Rob Robert Andrews 2.27777777777778 http://www.house.gov/andrews/ C001067 1964-11-21 2080 1029 Longworth House Office Building http://clarke.house.gov/contactform_zipcheck.shtml 11 202-226-0112 Yvette 'd':4 'ny':5 '-11':6 'rep':1 'clark':3,8,10 'yvett':2,7,9 F 412221 Clarke Yvette_Clarke D. Rep. Yvette Clarke [D, NY-11] 520 N00026961 7480 Democrat 202-225-6231 NY Yvette Clarke 1.81818181818182 http://clarke.house.gov/ D000598 1944-04-13 3484 1526 Longworth House Office Building http://www.house.gov/susandavis/contact.shtml 53 202-225-2948 Susan 'd':4 'ca':5 '-53':6 'rep':1 'davi':3,8,10 'susan':2,7,9 F 400097 Davis Susan_A._Davis A. Rep. Susan Davis [D, CA-53] 1078 N00009604 7436 Democrat 202-225-2040 Jewish CA Susan Davis 2.45454545454545 http://www.house.gov/susandavis/ G000551 1948-02-19 3610 1440 Longworth House Office Building http://grijalva.house.gov/?sectionid=49&sectiontree=2,49 7 202-225-1541 Raul 'd':4 '-7':6 'az':5 'rep':1 'raul':2,7,9 'grijalva':3,8,10 M 400162 Grijalva M. Rep. Raul Grijalva [D, AZ-7] 1768 N00025284 7492 Democrat 202-225-2435 Roman Catholic AZ Raul Grijalva 3.05882352941176 http://grijalva.house.gov/ H001040 1949-02-21 2676 1118 Longworth House Office Building http://hare.house.gov/?sectionid=74&sectiontree=44,50,74 17 202-225-5396 Phil 'd':4 'il':5 '-17':6 'rep':1 'hare':3,8,10 'phil':2,7,9 M 412204 Hare Philip_Hare Rep. Phil Hare [D, IL-17] 1370 N00028234 7271 Democrat 202-225-5905 IL Phil Hare 0.75 http://hare.house.gov/ H001042 1681 1229 Longworth House Office Building http://hirono.house.gov/IMA/issue_subscribe.htm 2 202-225-4987 Mazie 'd':4 '-2':6 'hi':5 'rep':1 'mazi':2,7,9 'hirono':3,8,10 F 412200 Hirono Mazie_Hirono K. Rep. Mazie Hirono [D, HI-2] 490 N00028139 6409 Democrat 202 225-4906 HI Mazie Hirono http://hirono.house.gov/ H001034 1941-06-27 2216 1713 Longworth House Office Building http://honda.house.gov/contactmike.shtml 15 202-225-2699 Michael 'd':4 'ca':5 '-15':6 'rep':1 'mike':9 'honda':3,8,11 'michael':2,7,10 M 400185 Honda Michael_M._Honda M. Rep. Michael Honda [D, CA-15] 731 Mike N00012611 6493 Democrat 202-225-2631 Protestant CA Mike Michael Honda 3.7 http://honda.house.gov/ robpierson K000172 1929-09-16 1445 2107 Rayburn House Office Building http://www.house.gov/writerep 5 202-225-6393 Dale 'd':4 '-5':6 'mi':5 'rep':1 'dale':2,7,9 'kilde':3,8,10 M 400216 Kildee Dale_E._Kildee E. Rep. Dale Kildee [D, MI-5] 562 N00004070 6833 Democrat 202-225-3611 Roman Catholic MI Dale Kildee 1.21428571428571 http://www.house.gov/kildee/ S001177 222 423 Cannon House Office Building https://forms.house.gov/sablan/contact-form.shtml 0 202-226-4249 Gregorio '-0':6 'mp':5 'rep':1 'sablan':3,8,10 'gregorio':2,7,9 M 412312 Sablan Rep. Gregorio Sablan [I, MP-0] 44 N00030418 2119 Independent 202-225-2646 MP Gregorio Sablan 5.0 http://sablan.house.gov/ W000738 1937-11-03 4303 2263 Rayburn House Office Building http://woolsey.house.gov/contactemailform.asp 6 202-225-5163 Lynn 'd':4 '-6':6 'ca':5 'rep':1 'lynn':2,7,9 'woolsey':3,8,10 F 400436 Woolsey Lynn_C._Woolsey C. Rep. Lynn Woolsey [D, CA-6] 1741 N00007458 7652 Democrat 202-225-5161 Presbyterian CA Lynn Woolsey 3.2 http://woolsey.house.gov/ action 56805 1245211200 Wed Jun 17 00:00:00 -0500 2009 199768 Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 13 - 8 . action 56805 1245211200 Wed Jun 17 00:00:00 -0500 2009 199767 Subcommittee Consideration and Mark-up Session Held. action 56805 1242878400 Thu May 21 00:00:00 -0500 2009 198100 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. action 56805 1240286400 Tue Apr 21 00:00:00 -0500 2009 191766 Referred to the House Committee on Education and Labor. introduced 56805 1240286400 Tue Apr 21 00:00:00 -0500 2009 191765