H.R.3765 - Defined Contribution Plan Fee Transparency Act of 2007

To amend the Internal Revenue Code of 1986 to provide transparency with respect to fees and expenses charged to participant-directed defined contribution plans. view all titles (2)

All Bill Titles

  • Short: Defined Contribution Plan Fee Transparency Act of 2007 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to provide transparency with respect to fees and expenses charged to participant-directed defined contribution plans. as introduced.

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Introduced
 
House
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Senate
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President
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10/04/07
 
 
 
 
 
 
 

Official Summary

Defined Contribution Plan Fee Transparency Act of 2007 - Amends the Internal Revenue Code to impose penalties on: (1) employers and multi-employer defined contribution plans for the failure of their plan administrators to provide to plan participants or beneficiaries written notices of plan

Official Summary

Defined Contribution Plan Fee Transparency Act of 2007 - Amends the Internal Revenue Code to impose penalties on:
(1) employers and multi-employer defined contribution plans for the failure of their plan administrators to provide to plan participants or beneficiaries written notices of plan fees and expenses and investment alternatives; and
(2) providers of services to defined contribution plans for failure to provide certain information to plan administrators, including an estimate of total fees and expenses expected to be paid under a service contract and an itemization of the services to be provided under such contract.

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