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S 3083119th CongressIn Committee
Providing Complete Information to Retirement Investors Act
Introduced: Oct 30, 2025
Sponsor: Sen. Banks, Jim [R-IN] (R-Indiana)
Standard Summary
Comprehensive overview in 1-2 paragraphs
Requires pension plans to provide enhanced disclosures about risks associated with brokerage window investment options.
Key Points
- 1Mandates 4-part risk disclosure for non-designated investments
- 2Requires participant acknowledgment before transactions
- 3Includes comparison with plan fiduciary-selected alternatives
- 4Provides return projection illustrations at 4%, 6%, and 8%
- 5Defines designated investment alternatives to exclude brokerage windows
Impact Areas
Pension plan disclosuresRetirement investor protectionBrokerage window arrangementsERISA compliance
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