Retire through Ownership Act

This bill would change federal retirement plan rules by clearly defining what counts as “adequate consideration” when a plan buys or sells stock in a company that isn’t publicly traded. The goal is to set a clear standard so these deals are priced fairly and handled consistently under ERISA .

Here are the basics based on the bill’s stated purpose:

• It targets transactions involving closely held company stock within retirement plans, by clarifying how to judge a fair price. This is meant to reduce uncertainty and disputes for workers, employers, and plan fiduciaries when these shares are bought or sold .

Key points

• Who is affected: Retirement plans and employers involved with closely held company stock; workers whose retirement savings may hold that stock .
• What changes: A clearer definition of “adequate consideration” for these stock transactions under ERISA, aiming for more consistent and fair valuations .
• When: The document provided states the bill’s purpose but does not provide timing or effective dates .