401(k) Pension Protection Act of 1997

Summary

401(k) Pension Protection Act of 1997 - Amends the Employee Retirement Income Protection Act of 1974 with respect to the exemption of an eligible individual account plan from the limitations on investment of 401(k) pension plans in employer securities and employer real property. Prohibits an employer from requiring that more than ten percent of employee contributions (elective salary deferrals) to the 401(k) plan be invested in such employer securities and real property. Exempts from the ten percent limit any plan that permits participating employees to determine whether to be invested in such employer securities and real property (thus leaving such employees free to assume the risk of undiversified investment in their employer). Provides for protection of employees assuming such risk by the application of the same prohibited transaction rules that apply to traditional defined benefit pension plans.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 February 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 February 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 February 1997

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.