Vote Smart's Synopsis:

Vote to pass a bill that requires fiduciaries of employer-sponsored retirement plans to make investment decisions based only on pecuniary factors.

Highlights:

• Requires fiduciaries of employer-sponsored retirement plans to make investment decisions based only on pecuniary factors, that a fiduciary prudently determines are expected to have a material effect on the risk or return of an investment based on appropriate investment horizons consistent with the plan's policies and objectives (Sec. 2).

• Authorizes nonpecuniary factors to be considered in certain situations, such as when selecting investment options for certain participant-directed retirement plans or if the fiduciary is unable to distinguish between investment alternatives on the basis of pecuniary factors alone (Sec. 2).

Full Bill Text

Full Bill Text