- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Education and LaborIntroducedJune 10th, 2009
- house Committees
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Retirement Savings Transparency Act of 2009
To amend title I of the Employee Retirement Income Security Act of 1974 to require individual account plans which permit participants and beneficiaries to direct the investment of assets in their individual accounts to include in pension benefit statements appropriate points of comparison to demonstrate relative performance of investment options under such plans.
Retirement Savings Transparency Act of 2009 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require, for calendar quarters beginning on or after January 1, 2010, pension benefit statements of individual account plans which permit a participant or beneficiary to direct the investment of plan assets to include appropriate and consistent points of comparison (including differences between classes and types of investments) for: (1) fees assessed in connection with each investment option made available for election under the plan; and (2) historic returns net of fees and expenses for each investment option for the previous year, 5 years, and 10 years (or for the period since inception, if shorter), including a separate point of comparison with respect to each time period.