,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hffj  ,,in ,,the ,,house ,,of  
,,representatives  ,october #bc1        
#bjbj,mr4 ,evans introduced the         
following bill2 which was referred to   
the ,committee on ,education and ,labor 
,a ,,bill  ,to direct the ,secretary of 
,labor to modify regulations to allow   
the use of performance benchmarks in the
 case of designated investment          
alternatives1 and for other purposes4   
#a4 ,performance benchmarks for asset   
allocation funds  7a7 ,in general ,not  
later than #f months after the date of  
the enactment of this ,act1 the         
,secretary of ,labor 7or the            
,secretary's delegate7 shall modify the 
regulations under section #djd of the   
,employee ,retirement ,income ,security 
,act of #aigd 7#bi ,u4,s4,c4 #aajd7 to  
provide that1 in the case of a          
designated investment alternative which 
contains a mix of asset classes1 a plan 
administrator may1 but is not required  
to1 use a benchmark which is a blend of 

different broad-based securities market 
indices if-- 7#a7 the blend is          
reasonably representative of the asset  
class holdings of the designated        
investment alternative2  7#b7 for       
purposes of determining the blend's     
returns for #a-1 #e-1 and               
#aj-;calendar-year periods 7or for the  
life of the alternative1 if shorter71   
the blend is modified at least once per 
year to reflect changes in the asset    
class holdings of the designated        
investment alternative2  7#c7 the blend 
is furnished to participants and        
beneficiaries in a manner that is       
reasonably designed to be understandable
 and helpful2 and  7#d7 each securities 
market index which is used for an       
associated asset class would separately 
satisfy the requirements of such        
regulations for such asset class4  7b7  
,study ,not later than ,december #ca1   
#bjba1 the ,secretary of ,labor 7or the 
,secretary's delegate7 shall deliver a  
report to the ,committees on ,ways and  

,means and ,education and ,labor of the 
,house of ,representatives and the      
,committees on ,finance and ,health1    
,education1 ,labor1 and ,pensions of the
 ,senate regarding the effectiveness of 
the benchmarking requirements under     
section #beej4djd;a-#e of title #bi1    
,code of ,federal ,regulations4