DETERMINATION OF FEASIBILITY
COMPUTER MODEL INVESTMENT ADVICE
The Secretary of Labor, in consultation with the Secretary of the Treasury, shall, on the basis of information received under subparagraph
(A), determine whether there is any computer model investment advice program which may be utilized by a plan described in subparagraph (A)(i) to
provide investment advice to the account beneficiary of the plan which--
(i) utilizes relevant information about the account beneficiary, which may include age, life expectancy, retirement age, risk tolerance,
other assets or sources of income, and preferences as to certain types of investments,
(ii) takes into account the full range of investments, including equities and bonds, in determining the options for the investment portfolio
of the account beneficiary, and
(iii) allows the account beneficiary, in directing the investment of assets, sufficient flexibility in obtaining advice to evaluate and
select investment options.
The Secretary of Labor shall report the results of such determination to the committees of Congress referred to in subparagraph (D)(ii) not
later than December 31, 2007.
Pension Act>> Continued
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