TITLE

Bill Offered to Require 401(k) Income Disclosure

AUTHOR(S)
Ackerman, Ruthie
PUB. DATE
December 2009
SOURCE
American Banker;12/9/2009, Vol. 174 Issue 219, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses legislation introduced in the U.S. Senate, the Lifetime Income Disclosure Act, which would mandate that 401(k) and other contribution plans show income disclosure information such as the projected value of their retirement accounts. According to the author the income disclosure statement would be similar to the annual benefit projections issued by the U.S. Social Security Administration.
ACCESSION #
46708952

 

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