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H.R. 5340, Providing Complete Information to Retirement Investors Act (CBO Report for Congress)

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Congress 118th
Date Requested Sept. 14, 2023
Requested By House Committee on Education and the Workforce
Date Sent Sept. 22, 2023
Description:
H.R. 5340 would require the provision of additional information to plan participants before they select nonstandard investments. In self-directed pension plans, such as 401(k)s, participants generally select from a menu of designated investment alternatives offered by the plan. Some plans also offer “brokerage windows,” which allow participants access to a broad variety of investments.

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