Retirement >> Defined Contribution/401(k) Plan Reform

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Legislative — proposals, bills and analysis from 2006-present

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(Items in italic are available only to Council members.)

Official Source Documents

February 24, 2011 — GAO Report: Key Information on Target Date Funds as Default Investments Should Be Provided

September 16, 2010 — Small Business Jobs Act (H.R. 5297), As Approved By Senate

July 28, 2010 — Senate Substitute Amendment to the Small Business Jobs Act (H.R. 5297)

July 27, 2010 — Official Summary of Senate Substitute Amendment to the Small Business Jobs Act (H.R. 5297)

December 3, 2009 — Lifetime Income Disclosure Act (S. 2832)

November 20, 2009 — Sensible Transparency for Retirement Plans Act (Kline)

October 26, 2009 — GAO Report, Retirement Savings: Automatic Enrollment Shows Promise for Some Workers, but Proposals to Broaden Retirement Savings for Other Workers Could Face Challenges

September 30, 2009 — GAO Report, Retirement Savings: Better Information and Sponsor Guidance Could Improve Oversight and Reduce Fees for Participants

July 31, 2009 — Education and Labor Committee Report of the 401(k) Fair Disclosure and Pension Security Act (H.R. 2989)

June 24, 2009 — Education and Labor Amendment in the Nature of a Substitute to H.R. 2989 (Miller)

June 17, 2009 — Education and Labor HELP Subcommittee Chairman`s Substitute to the 401(k) Fair Disclosure for Retirement Security Act (H.R. 1984)

June 9, 2009 — Revisions to Prior Version of Defined Contribution Plan Fee Transparency Act

June 9, 2009 — Official Summary of Defined Contribution Plan Fee Transparency Act (H.R. 2779)

April 22, 2009 — Official One-Page Summary of 401(k) Fair Disclosure for Retirement Security Act (Miller)

April 22, 2009 — 401(k) Fair Disclosure for Retirement Security Act (Miller)

April 22, 2009 — DOL Letter to Miller/Andrews Regarding 401(k) Fair Disclosure for Retirement Security Act

April 16, 2009 — DOL Letter to Senate Aging Chair Kohl on Target Date Review and Regulation

February 10, 2009 — The Defined Contribution Fee Disclosure Act (S. 401)

October 28, 2008 — CRS Report for Congress: Individual Retirement Accounts and 401(k) Plans: Early Withdrawals and Required Distributions

August 15, 2008 — GAO Report: Private Pensions: Fulfilling Fiduciary Obligations Can Present Challenges for 401(k) Plan Sponsors

July 31, 2008 — 401(k) Plan Debit Card Bill (H.R. 6708)(Foster/Pomeroy)

July 17, 2008 — 401(k) Plan Debit Card Bill (S. 3278)(Schumer)

May 14, 2008 — Official Summary of Energy and Tax Extenders Act (H.R. 6049)

April 28, 2008 — FAA Reauthorization Act (H.R.2881)

April 16, 2008 — Rep. Andrews Amendment to H.R. 3185

April 16, 2008 — Fair Disclosure for Retirement Security Act (H.R. 3185)(Miller), as Considered by House Education and Labor Committee

December 13, 2007 — Defined Contribution Fee Disclosure Act (Kohl/Harkin)

December 11, 2007 — GAO Report: PRIVATE PENSIONS: Low Defined Contribution Plan Savings May Pose Challenges to Retirement Security, Especially for Many Low-Income Workers

October 4, 2007 — Summary of The Defined Contribution Plan Fee Transparency Act (Neal)

October 4, 2007 — Defined Contribution Plan Fee Transparency Act (H.R. 3765) (Neal)

July 31, 2007 — The Mutual Fund Fee Reform Act (H.R. 3225)

July 26, 2007 — Fair Disclosure for Retirement Security Act (H.R. 3185)(Miller)

July 26, 2007 — Official Summary Fair Disclosure for Retirement Security Act (H.R. 3185)(Miller)

April 24, 2007 — DOL/EBSA Request for Information on Fee and Expense Disclosures to Participants in Individual Account Plans

December 13, 2006 — Congressional Democrats` Letter to DOL Regarding Defined Contribution Plans

August 3, 2006 — Senate summary of HR 4

March 16, 2006 — Savings Competitiveness Act (S. 2431)(Baucus)

March 16, 2006 — Letter from Senator Gordon Smith to Senate Finance Committee regarding Automatic Enrollment and Other Provisions in Retirement Bill Conference

June 6, 2005 — Official Section-by-Section Summary of the RETIREMENT SAVINGS AND SECURITY ACT OF 2005

Council Materials

September 20, 2010 — Summary: The Benefits of Existing Tax Incentives for Retirement Savings

September 20, 2010 — Summary of Roth Provisions in The Small Business Jobs Act (Prepared by Kent Mason of Davis & Harman LLP)

September 20, 2010 — The Benefits of Existing Tax Incentives for Retirement Savings

June 5, 2009 — Council Proposed Modifications to 401(k) Fair Disclosure for Retirement Security Act (H.R. 1984)

April 22, 2009 — Robert Chambers` Testimony Regarding 401(k) Disclosure Before the Subcommittee on Health, Education, Labor, and Pensions of the House Education and Labor Committee

February 24, 2009 — Council Statement for Record in House Education and Labor Hearing on Strengthening Worker Retirement Security

February 17, 2009 — Short Summary of Defined Contribution Plans: A Successful Cornerstone of Our Nation`s Retirement System

February 17, 2009 — Defined Contribution Plans: A Successful Cornerstone of Our Nation`s Retirement System

December 19, 2008 — Congressional Letter to President Bush Urging RMD Relief for 2008

October 1, 2008 — Council Statement for the Senate HELP Committee Hearing on 401(k) Fee Disclosure

July 24, 2008 — Council Letter to Senators Regarding the Stop Excessive Energy Speculation Act (S. 3268)

July 24, 2008 — Group Letter to Senate Regarding the Stop Excessive Energy Speculation Act (S. 3268)

April 16, 2008 — Council Letter to Rep. George Miller Regarding H.R. 3185

April 14, 2008 — Myths and Facts Regarding 401(k) Plan Fees

October 30, 2007 — Testimony of Allison Klausner (Honeywell) on Behalf of the American Benefits Council before the House Ways and Means Committee Hearing on 401(k) Fees

October 26, 2007 — Council Talking Points on 401(k) Plan Fees

October 24, 2007 — Testimony of Robert G. Chambers on Behalf of the American Benefits Council before the Senate Special Committee on Aging Hearing on 401(k) Fees

October 4, 2007 — Council/ACLI/ICI Statement for the Record for the House Education and Labor Hearing on H.R. 3185

August 29, 2007 — Council Chart Summarizing the 401(k) Fair Disclosure for Retirement Security Act of 2007 (H.R. 3185) (prepared by the Benefits Group of Davis & Harman)

July 26, 2007 — 401(k) plan statistics

July 26, 2007 — The difference between 401(k) plans and IRAs

July 26, 2007 — Financial literacy and investment education

July 26, 2007 — Automatic enrollment

July 26, 2007 — Defined contribution plan fees

March 6, 2007 — Testimony of Robert G. Chambers on Behalf of the American Benefits Council Before the House Education and Labor Committee Hearing on 401(k) Fees

February 8, 2007 — Chart of Pension Protection Act Provisions Affecting DC Plans (Courtesy of Davis & Harman LLP)

January 12, 2007 — Defined Contribution Plan Fee Issues Talking Points

July 17, 2006 — Council Letter to Congress Regarding EGTRRA Permanency

June 23, 2006 — Group Advertisement on EGTRRA Permanence in Pension Bill

June 22, 2006 — Chart of Major EGTRRA Provisions in House Pension Reform Bill

June 16, 2006 — Coalition diversification letter to Congress

June 16, 2006 — Coalition miscellaneous DC issues and technical corrections document

June 13, 2006 — Coalition defined contribution plan issues in pension reform legislation

May 17, 2006 — Defined Contribution Plan Issues in Pension Reform Legislation

April 12, 2006 — Retirement Savings Permanence Bulletin No. 3: Matching Contribution Vesting

March 28, 2006 — Retirement Savings Permanence Bulletin No. 2: Increased Limits

March 17, 2006 — Retirement Savings Permanence Bulletin No. 1: Simplification for Plan Administration

March 14, 2006 — Group Letter to Senate Regarding EGTRRA Permanency

February 6, 2006 — Council Talking Points on Automatic Enrollment

February 1, 2006 — Council Side by Side Chart Comparing Defined Contribution Provisions of Retirement Bills (H.R. 2830/S. 1783), Administration Proposals and Current Law

January 26, 2006 — Council Analysis of Proposed Treasury Regulations on Designated Roth Accounts

January 25, 2006 — Council Side-by-Side Chart Comparing Retirement Bills (H.R. 2830/S. 1783), Administration Proposals and Current Law

January 23, 2006 — Council Talking Points on EGTRRA Permanence

Official Source Documents

November 29, 2010 — DOL Proposed Regulations on Target Date Fund and QDIA Disclosure

November 29, 2010 — DOL Fact Sheet on Target Date Fund and QDIA Disclosure

November 26, 2010 — IRS Notice 2010-84: Guidance on In-Plan Roth Rollovers

October 14, 2010 — DOL Fact Sheet on Final Fee Disclosure Regulations

October 14, 2010 — DOL Model Comparative Chart for Final Fee Disclosure Regulations

October 14, 2010 — DOL Final Regulations on Defined Contribution Plan Participant Fee Disclosure

August 31, 2010 — Comments of Congressional Chairmen to DOL/EBSA Regarding Interim Final Regulations on ERISA Section 408(b)(2) Fee Disclosure Requirements

July 23, 2010 — SEC Proposed Regulations on Mutual Fund Distribution Fees

July 16, 2010 — DOL Interim Final Regulations on ERISA Section 408(b)(2) Fee Disclosure Requirements

July 16, 2010 — DOL Fact Sheet on Interim Final Regulations on ERISA Section 408(b)(2) Fee Disclosure Requirements

July 16, 2010 — DOL Delinquent Service Provider Class Exemption Model Notice in Conjunction with Interim Final Regulations on ERISA Section 408(b)(2) Fee Disclosure Requirements

May 18, 2010 — IRS Final Regulations on Diversification Requirements for Certain Defined Contribution Plans

May 17, 2010 — IRS 401(k) Compliance Check Questionnaire (Paper Copy)

December 4, 2009 — DOL/EBSA Advisory Opinion 2009-04A

May 18, 2009 — IRS Proposed Regulations on Suspension or Reduction of Safe Harbor Nonelective Contributions

February 23, 2009 — Treasury/IRS Final Automatic Contribution Arrangement (QACA/EACA) Regulations

December 19, 2008 — Treasury Letter to Congress Regarding 2008 Required Minimum Distribution Relief

July 22, 2008 — DOL Proposed Regulations on Defined Contribution Plan Participant Fee Disclosure

July 22, 2008 — DOL Model Comparative Chart for Proposed Fee & Expense Disclosure Regulations

April 29, 2008 — Corrections to DOL Proposed Regulations on Qualified Default Investment Alternatives

April 29, 2008 — DOL FAB 2008-3: Guidance Regarding Qualified Default Investment Alternatives

April 29, 2008 — DOL Fact Sheet Regarding Qualified Default Investment Alternatives

February 14, 2008 — Congressional Comment Letter to DOL on Proposed 408(b)(2) Regulations

December 19, 2007 — IRS Notice 2008-07: Guidance on Diversification Rules under Code Section 401(a)(35)

December 12, 2007 — DOL Fact Sheet on ERISA Section 408(b)(2) Guidance

December 12, 2007 — DOL Proposed Regulations on ERISA Section 408(b)(2) Fee Disclosure Requirements

December 12, 2007 — DOL Proposed Class Exemption for Plan Fiduciaries Failing to Meet ERISA Section 408(b)(2) Fee Disclosure Requirements

November 26, 2007 — SEC Proposed Rule on Simplified Mutual Fund Disclosure

November 7, 2007 — Treasury/IRS Proposed Regulations on Automatic Enrollment

October 23, 2007 — DOL Fact Sheet on Qualified Default Investment Alternatives under Participant Directed Individual Account Plans

October 23, 2007 — DOL Qualified Default Investment Alternatives under Participant Directed Individual Account Plans

June 1, 2007 — IRS Announcement 2007-59: Guidance for Employers Concerned About Certain Mid-Year Changes

April 27, 2007 — Treasury/IRS Final Roth 401(k)/403(b) Distribution Regulations

April 24, 2007 — DOL/EBSA Request for Information on Fee and Expense Disclosures to Participants in Individual Account Plans

November 30, 2006 — IRS Notice 2006-107 Diversification Requirements for Qualified Defined Contribution Plans Holding Publicly Traded Employer Securities

September 26, 2006 — DOL Proposed Regulations on Default Investment Guidance

June 6, 2006 — DOL Model 401(k) Plan Fee Disclosure

January 25, 2006 — IRS Proposed Regulations on Designated Roth Accounts Under Section 402A

Council Materials

October 15, 2010 — Council Summary of Changes in Final Participant-Level Defined Contribution Plan Fee Disclosure Regulations

October 8, 2010 — Council Letter to Treasury on Need for Immediate Guidance on In-Plan Roth Conversions

August 26, 2010 — Council Comments to DOL/EBSA Regarding Interim Final Regulations on ERISA Section 408(b)(2) Fee Disclosure Requirements

July 15, 2010 — Preliminary Council Summary of DOL Final Regulations on ERISA Section 408(b)(2) Fee Disclosure Requirements

June 1, 2010 — Follow Up Letter Regarding Interpretive Issue Under Notice 2009-68 Partial Rollovers

March 30, 2010 — Groom Law Group Memo: Allocating "Basis" in Partial and Split Rollovers Can We Still Rely on Code Section 402(c)(2)

March 30, 2010 — Council/ICI Letter and Submission to DOL on Target Date Funds

October 26, 2009 — Council Letter to IRS Regarding Partial Rollovers under Notice 2009-68

August 14, 2009 — Council/SHRM Comment Letter to IRS on Proposed Regulations on Suspension or Reduction of Safe Harbor Nonelective Contributions

June 18, 2009 — Testimony of Allison Klausner (Honeywell) on Behalf of the American Benefits Council before the DOL/SEC Hearing on Target Date Funds

February 6, 2009 — Council Request for Guidance on Minimum Required Distribution Waivers

September 24, 2008 — Group Letter to DOL Regarding Effective Date of 408(b)(2) Regulations

September 10, 2008 — Testimony of Allison Klausner (Honeywell International Inc.) on Behalf of the American Benefits Council Before the ERISA Advisory Council Working Group on Spend Down of Defined Contribution Assets at Retirement

September 8, 2008 — Council Comment Letter to DOL on Proposed Defined Contribution Plan Participant Fee Disclosure Regulations

May 19, 2008 — Council Testimony Before IRS Regarding Automatic Contributions

April 29, 2008 — Council-ICI Comment Letter on Participant Contribution Regulation Safe Harbor

April 2, 2008 — Council Comment Letter to IRS Regarding Diversification Requirements for Defined Contribution Plans

March 31, 2008 — Testimony of Robert Chambers (Helms, Mullis & Wicker) on Behalf of the American Benefits Council before the U.S. Department of Labor Hearing on Proposed 408(b)(2) Regulations

February 11, 2008 — Council comment letter to DOL regarding 408(b)(2) proposed regulations

February 6, 2008 — Council Comment Letter to IRS Regarding Proposed Automatic Enrollment Regulations

December 17, 2007 — Council Preliminary Comments to IRS on Automatic Enrollment Guidance

December 14, 2007 — Council Summary: DOL Proposed 408(b)(2) Regulations on Fee Disclosure

December 5, 2007 — Council Comment Letter Regarding Follow-Up Guidance on Final Default Investment Regulations

September 20, 2007 — Testimony of Allison Klausner (Honeywell International Inc.) on Behalf of the American Benefits Council Before the ERISA Advisory Council Working Group on Revenue Sharing

July 24, 2007 — Inter-Trade Group Letter to DOL Regarding 401(k) Plan Fees

July 23, 2007 — Council comment letter to DOL concerning 401(k) fee disclosure request for information

March 16, 2007 — Council comment letter on IRS Notice 2006-107 on diversification requirements for DC plans holding publicly traded securities

December 22, 2006 — Group Submission to DOL of Defined Contribution Fee Glossary

December 22, 2006 — Group Submission to DOL of Defined Contribution Fee Introductory Questions and Answers

November 13, 2006 — Council Comments to DOL Regarding Proposed Default Investment Regulations

October 31, 2006 — List of Guidance and Technical Correction Issues for Employee Stock Diversification Provisions

October 31, 2006 — Updated List of Guidance and Technical Correction Issues for Defined Contribution Plans

August 3, 2006 — Group Letter and Chart to DOL/EBSA Regarding 408(b)(2) Project on Fee Disclosure

July 26, 2006 — Council testimony before the IRS on Roth 401(k)/403(b) accounts

April 26, 2006 — Council Comment Letter to IRS on Designated Roth Accounts under Section 402A

Official Source Documents

June 23, 2010 — SEC Proposed Rule on Target Date Retirement Fund Names and Marketing

May 6, 2010 — DOL/SEC Investor Bulletin on Target Date Retirement Funds

March 30, 2010 — U.S. Supreme Court Decision in Jones v. Harris

January 27, 2010 — District Court for the Northern District of Illinois Dismissal of George, et al. v. Kraft Foods Global

December 21, 2009 — Third Circuit Appeals Court Decision in re: Schering-Plough ERISA Litigation

December 9, 2009 — District Court for the Northern District of Illinois (Eastern Division) Opinion in Loomis v. Exelon

November 25, 2009 — Eighth Circuit Appeals Court Opinion in Braden v. Wal-Mart, et al

August 31, 2009 — United States District Court Southern District of New York Decision In Re Citigroup ERISA Litigation

June 24, 2009 — Seventh Circuit Court Denial of Rehearing in Hecker v. Deere & Co.

May 6, 2009 — Second Circuit Court of Appeals Summary Order of Dismissal in Young et al v. General Motors Investment Management Corp.

March 20, 2009 — DOL Amicus Brief in Hecker v. Deere

February 12, 2009 — Seventh Circuit Court Opinion in Hecker v. Deere

July 25, 2008 — DOL Amicus Brief in Young et al v. General Motors Investment Management Corp., Second Circuit Court of Appeals

February 20, 2008 — U.S. Supreme Court Decision in LaRue v. DeWolff

June 21, 2007 — District Court Order Granting Motion to Dismiss in Hecker et al v. Deere & Company/Fidelity

December 8, 2006 — Hecker et al v. Deere & Company/Fidelity (WI Western District)

November 8, 2006 — Ruppert et al v. Principal Life Insurance Co. (IL Southern District)

November 3, 2006 — Taylor et al v. United Technologies Corporation et al (District of Connecticut 3:06-cv-01494-WWE 09/22/06)

September 28, 2006 — Spano v. Boeing (IL Southern District 3:2006cv00743)

September 11, 2006 — Kanawi et al v. Bechtel Corporation (CA Northern District 3:2006cv05566)

August 30, 2002 — DOL Amicus Brief with U.S. District Court for the Southern District of Texas in Tittle v. Enron

September 15, 2011 — Employer-sponsored retirement plans play vital role in ensuring national, personal financial security
January 25, 2011 — State of the Union address expected to address health care law, proposals to reduce the federal debt and deficit
October 14, 2010 — Final DOL regulations represent reasoned approach to retirement plan fees
September 14, 2010 — Council testimony: employer retirement plan sponsors play critical role in providing lifetime income security
June 16, 2010 — Council urges flexibility and innovation for employer-sponsored retirement plans to meet lifetime income needs
February 1, 2010 — Council commends president's focus on retirement saving, urges investment in employer-sponsored benefits system
January 28, 2010 — Council urges bipartisan approach to health care reform, retirement savings, pension funding relief as part of economy, jobs strategy
January 27, 2010 — Obama State of the Union address expected to address health care reform bill, retirement savings initiatives
October 15, 2009 — Council commends Obama Administration for action to prevent reduction in retirement plan limits
July 23, 2009 — Improving financial literacy, simplicity of disclosures essential for promoting personal retirement security
July 21, 2009 — Companies taking steps to weather economic challenges, maintain successful employer-sponsored retirement system
June 24, 2009 — Council applauds Chairman Miller for inclusion of defined benefit funding relief provisions in retirement savings legislation, applauds Rep. Pomeroy for development of comprehensive relief measure
June 18, 2009 — Target-date fund regulations must focus on existing investment selection process, provide flexibility
June 17, 2009 — Investment advice, 401(k) fee legislation improved but additional safeguards for employers still needed
April 22, 2009 — Council Urges House Subcommittee to Prepare 401(k) Fee Bill that Benefits Both Plan Participants and Plan Sponsors
March 24, 2009 — Council expresses support for Savings Recovery Act
March 17, 2009 — New Survey: Three Out of Five Employers Maintain 401(k) Match Despite Economic Crisis
February 24, 2009 — Defined contribution plan system must be preserved
October 29, 2008 — Council's 10-point plan aids retirement savings, promotes economic recovery, protects jobs
October 22, 2008 — Council outlines 10-point plan to address challenges threatening employer-sponsored retirement plans
October 20, 2008 — Council to unveil plan to address retirement security concerns created by current economic turmoil at Wednesday, October 22, media briefing
October 7, 2008 — Council: employer-sponsored retirement system designed to weather economic challenges
September 17, 2008 — Council available to comment on Senate hearing, principles for retirement plan fee disclosure
July 22, 2008 — DOL proposed disclosure regulations represent practical, straightforward approach to retirement plan fees
July 15, 2008 — Council staff available to comment on retirement savings hearing in Senate Aging Committee
June 3, 2008 — Accurate revenue estimates needed for retirement policy
March 31, 2008 — Council recommends numerous changes to proposed plan fee disclosure regulations
November 8, 2007 — 'Safe and Sound' retirement goals include raising financial literacy, expanding coverage
October 30, 2007 — Employers' goal: a transparent 401(k) system that provides meaningful benefits at a fair price
October 24, 2007 — Defined contribution plan fee disclosure rules must follow key principles to reduce costs, confusion
October 4, 2007 — Unnecessary burdens on 401(k) retirement plans will slow growth, reduce participants' benefits
September 20, 2007 — Council discusses 401(k) plan fees in context of fiduciary responsibility, revenue sharing
July 26, 2007 — Council briefs media: meaningful, useful 401(k) plan fee disclosure just one piece of the puzzle
July 24, 2007 — Council responds to DOL request for information on 401(k) plan fees
July 16, 2007 — Council experts to brief media on importance of 401k plans
July 12, 2007 — Council urges additional DOL guidance for pension plan providers complying with benefits statement rules
May 3, 2007 — Macey: modifications to Pension Protection Act necessary to avoid unintended consequences
March 6, 2007 — Council stresses importance of 401(k) fee disclosure rules
November 30, 2006 — Council available to comment on much anticipated GAO report on 401(k) fees - IRS guidance on retirement plan diversification and executive compensation issues
November 7, 2006 — Congressional election outcomes could have major effect on employee benefits
August 16, 2006 — President to sign pension reform legislation; Council experts available to comment
August 11, 2006 — Council urges DOL ERISA Advisory Council to allow greater access to alternative asset investments
August 9, 2006 — Council testifies before DOL ERISA Advisory Council
August 9, 2006 — Council and others submit defined contribution fee disclosure letter to DOL
August 3, 2006 — Pension bill a 'mixed bag' for employers, employees
July 26, 2006 — Council testifies before IRS on Roth 401(k)/403(b) Issues
March 20, 2006 — News Briefing Reminder: Council experts to brief media on defined contribution, hybrid, multiemployer plan, retirement law permanency, and health provisions of pension reform legislation
March 16, 2006 — Council experts to brief media on defined contribution, hybrid, multiemployer plan, retirement law permanency, and health provisions of pension reform legislation