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Simplifying Retirement Plan Fee Information

This act aims to improve how retirement plan fees are disclosed, making it easier for citizens to understand costs and their impact on savings. The government will review current rules and propose changes to make this information clearer and easier to grasp.
Key points
Review and simplification of how retirement plan fees are presented.
Study on how fees affect retirement savings over time.
Recommendations for legislative changes to make information more understandable for plan participants.
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Expired
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Additional Information
Print number: 117_S_4361
Sponsor: Sen. Lujan, Ben Ray [D-NM]
Process start date: 2022-06-08
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Savvy Saver Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4361.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-06-08.

What are the main provisions?

Key points include:

  • Review and simplification of how retirement plan fees are presented.
  • Study on how fees affect retirement savings over time.
  • Recommendations for legislative changes to make information more understandable for plan participants.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Lujan, Ben Ray [D-NM].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Labor Economy