arrow_back Back to App

More Information on Retirement Investment Risks

New rules require retirement plans to inform participants about risks associated with investments outside designated options. This aims to help citizens make informed financial decisions by showing potentially lower returns, higher fees, and greater risk. The changes will take effect on January 1, 2025.
Key points
You will receive clear warnings about risks, fees, and potentially lower returns if you choose investments outside the plan's main options.
Example charts will be provided showing how different rates of return (4%, 6%, 8%) could impact your retirement savings by age 67.
Retirement plans will need your acknowledgment that you understand this information before you invest in options not recommended by the plan.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_5340
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2023-09-05
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Providing Complete Information to Retirement Investors Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5340.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-09-05.

What are the main provisions?

Key points include:

  • You will receive clear warnings about risks, fees, and potentially lower returns if you choose investments outside the plan's main options.
  • Example charts will be provided showing how different rates of return (4%, 6%, 8%) could impact your retirement savings by age 67.
  • Retirement plans will need your acknowledgment that you understand this information before you invest in options not recommended by the plan.
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 Rep. Banks, Jim [R-IN-3].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 183.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Benefits