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6/23/2009--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 or arranging for services to the plan (including the offering of any investment option) unless the administrator has received, reasonably in advance, a written statement from the service provider 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 a passively managed investment with a portfolio of securities designed to be representative of the U.S. investable equity market or the U.S. investment grade bond market, or a combination of them; and (2) 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. Allows an individual account plan and a participant or beneficiary who controls the investment of such plan's assets to receive investment advice from an independent investment adviser that: (1) is registered under the Investment Advisers Act of 1940; (2) is not the plan investment provider; and (3) meets certain other requirements. Prescribes requirements for an investment advice program. Requires the Secretary of Labor to establish a program that provides information and materials to help employees attain financial literacy with respect to investment for retirement.Revises the authority of a plan sponsor to use interest rates under the corporate bond yield curve, in lieu of specified segment interest rates, solely to determine the minimum required contribution to a single-employer defined benefit pension plan. Allows revocation of such an election, once made, only with the consent of the Secretary. But allows revocation without the Secretary's consent for a plan year beginning in 2010 of any such election in effect for a plan year beginning in 2009. Adds another five years to the extension period for automatic amortization of the unfunded liability of a multiemployer plan.

1258134600 2009-11-13 Sat Nov 14 05:11:05 -0600 2009 reported to house 58690 'k':2 '401':1 'act':8 '2009':10 'fair':3 'secur':7 'pension':6 'disclosur':4 80501 false short introduced 58690 'ad':72 'act':8,36,55,77 '1974':10 '1986':62 '2006':79 'code':60 'fund':70 'plan':21,32,50 'rule':17,71 'advic':42 'amend':2,34,53 'incom':6 'retir':5 'secur':7 'intern':58 'invest':27,41 'option':28 'provid':12,24,38,64 'relief':66 'report':14 'requir':29 'revenu':59 'account':20,49 'certain':68 'employe':4 'minimum':26 'pension':69,75 'protect':76 'special':13 'transit':65 'independ':40 'individu':19,48 'particip':44 'disclosur':16 'beneficiari':46 75014 false official introduced 58690 'k':2 '401':1 'act':8 '2009':10 'fair':3 'secur':7 'pension':6 'disclosur':4 75013 false short action 58690 Sat Nov 14 07:05:58 -0600 2009 1258134600 Fri Nov 13 13:50:00 -0600 2009 216537 House Committee on Ways and Means Granted an extension for further consideration ending not later than Dec. 11, 2009. M000725 1945-05-17 8139 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] 4604 N00007390 9956 Democrat 202-225-2095 Catholic CA George Miller 2.1875 http://georgemiller.house.gov/ RepGeorgeMiller A000210 1957-08-04 2567 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] 1143 Rob N00000826 8505 Democrat 202-225-6501 Episcopalian NJ Rob Robert Andrews 2.27777777777778 http://www.house.gov/andrews/ M000404 1936-12-28 2549 1035 Longworth House Office Building http://www.house.gov/mcdermott/contact.shtml 7 202-225-6197 James 'd':4 '-7':6 'wa':5 'jim':9 'rep':1 'jame':2,7,10 'mcdermott':3,8,11 M 400262 McDermott Jim_McDermott A. Rep. James McDermott [D, WA-7] 885 Jim N00009829 10370 Democrat 202-225-3106 Episcopalian WA Jim James McDermott 4.77272727272727 http://www.house.gov/mcdermott/ action 58690 Sat Nov 14 07:05:58 -0600 2009 1258134600 Fri Nov 13 13:50:00 -0600 2009 216537 House Committee on Ways and Means Granted an extension for further consideration ending not later than Dec. 11, 2009. action 58690 Sat Oct 17 18:53:07 -0500 2009 1255703580 Fri Oct 16 11:33:00 -0500 2009 211712 House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 13, 2009. action 58690 Sat Aug 01 18:54:31 -0500 2009 1249073580 Fri Jul 31 17:53:00 -0500 2009 206006 House Committee on Ways and Means Granted an extension for further consideration ending not later than Oct. 16, 2009. action 58690 Sat Aug 01 18:54:31 -0500 2009 1249073520 Fri Jul 31 17:52:00 -0500 2009 206005 Reported (Amended) by the Committee on Education and Labor. H. Rept. 111-244, Part I. calendar 58690 1245816000 Wed Jun 24 00:00:00 -0500 2009 200974 Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 17. action 58690 1245816000 Wed Jun 24 00:00:00 -0500 2009 200973 Committee Consideration and Mark-up Session Held. introduced 58690 1245729600 Tue Jun 23 00:00:00 -0500 2009 200606 action 58690 1245729600 Tue Jun 23 00:00:00 -0500 2009 200609 Referred to House Ways and Means action 58690 1245729600 Tue Jun 23 00:00:00 -0500 2009 200608 Referred to House Education and Labor action 58690 1245729600 Tue Jun 23 00:00:00 -0500 2009 200607 Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.