Massachusetts 194th General Court Status: Introduced 1 D cosponsors

H2809 — An Act requiring administrators of certain retirement plans to disclose conflicts of interest

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

In plain language

The bill requires retirement plan administrators to disclose conflicts of interest.

This bill mandates that administrators of specific retirement plans reveal any conflicts of interest to participants. This transparency aims to help individuals make informed decisions regarding their retirement savings.

What this means for you
  • Workers: If you are a worker with a retirement plan, you'll be informed about any conflicts of interest from your plan administrator.

Summary

An Act requiring administrators of certain retirement plans to disclose conflicts of interest

Bill Text

  • Full text Current

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill requires companies administering retirement plans for political subdivisions to disclose specific fee and investment information to participants starting January 1, 2026.

  • Chapter 71, Section 37b

    On or after January 1, 2026, any company that administers a retirement plan offered by a political subdivision of the state to the employees of such political subdivision shall disclose to each participant in such retirement plan: (1) The fee ratio and return, net of fees, for each investment under the retirement plan, and (2) the fees paid to any person who, for compensation, engages in the business of providing investment advice to participants in the retirement plan either directly or through publications or writings. Such disclosures shall be made upon initial enrollment in the retirement plan and at least annually thereafter. For the purposes of this section, "retirement plan" means any retirement plan created in accordance with the provisions of Section 403(b) of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as amended from time to time.

    This establishes new disclosure requirements for retirement plan administrators regarding fees and investment performance.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 203 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (203)

203 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does H2809 do?
An Act requiring administrators of certain retirement plans to disclose conflicts of interest
Who sponsors H2809?
H2809 is sponsored by Carol A. Doherty (Democrat).
What is the current status of H2809?
This bill died with 194th General Court. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track H2809?
Track H2809 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 4 months ago · updated continuously

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