CIEBA, representing the nation’s largest corporate plan sponsors, supports changes in federal pension law that would prevent employers from offering company stock as an investment option if they also offer it as a matching contribution. CIEBA also supports changes that would let employees sell matching contributions of company stock after three years, and requires employers to give workers a month’s notice before imposing any blackout period. Moreover, the association supports legislation limiting the ability of top management to sell company stock during such blackouts, and making it easier for employers to provide investment advice to employees.
However, the organization opposes legislation requiring participant representation on retirement plan boards or expanding legal remedies against plan sponsors.
