3.0.0 2779 2023-01-11T13:18:52Z 2023-01-11T13:18:52Z House H HR 2009-06-09 111 hswm00 Ways and Means Committee House Standing Referred to 2009-06-09T14:33:43Z Sensible Transparency for Retirement Plans Act of 2009 111 4146 HR 2010-01-04 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Related bill CRS 2009-06-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-06-09 Sponsor introductory remarks on measure. (CR E1355-1356) IntroReferral B00100 9 Library of Congress 2009-06-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-06-09 Introduced in House IntroReferral 1000 9 Library of Congress N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 N P000422 Rep. Pomeroy, Earl [D-ND-At Large] EARL POMEROY D ND 0 2009-06-09 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2009-06-09 True C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2009-06-09 True S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2009-06-09 True M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2009-06-11 False Taxation Administrative law and regulatory procedures Consumer affairs Department of the Treasury Employee benefits and pensions Financial services and investments Sales and excise taxes User charges and fees Taxation 00 2009-06-09 Introduced in House 2009-06-23T18:58:14Z Defined Contribution Plan Fee Transparency Act of 2009 - Amends the Internal Revenue Code to impose a penalty tax on employers maintaining defined contribution pension plans for the failure of their plan administrators to provide plan participants or beneficiaries, prior to enrollment in a plan, with certain notices and disclosures pertaining to fees and charges, investment alternatives, and the manner for making elections among designated investment alternatives. Sets forth the types of information about investment alternatives required in a plan notice or disclosure. Requires plan administrators to provide plan participants and beneficiaries, after enrollment, with quarterly notices describing the investment alternatives and associated fees and charges in their plans.

Imposes a penalty tax on a provider of services to a defined contribution plan for failure to provide a plan administrator with certain disclosures, including the total fees and expenses expected to be paid by a plan and any relationships of such service provider with third parties offering investment products.

Directs the Secretary of the Treasury to issue final regulations on the written formats allowed for providing the notices and disclosures required by this Act.

]]> Defined Contribution Plan Fee Transparency Act of 2009 Display Title Defined Contribution Plan Fee Transparency Act of 2009 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide transparency with respect to fees and expenses charged to participant-directed defined contribution plans, and to improve participant communication. Introduced in House IH Short Titles as Introduced Defined Contribution Plan Fee Transparency Act of 2009 Introduced in House 2009-06-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2779ih/xml/BILLS-111hr2779ih.xml 2009-06-09 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.