Retirement Security Protection Act of 2002

[AI summary unavailable — showing source text] Retirement Security Protection Act of 2002 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to set forth requirements for disclosure, diversification, account access, and accountability under defined contribution plans that are individual account plans (401(k) and similar plans). Requires pension plan administrators to provide certain benefit information to participants or beneficiaries periodically. Requires plan sponsors (employers) and plan administrators to provide all material investment information to participants and beneficiaries, in an accurate form, as required to be disclosed to investors under applicable securities laws, and treats misleading investment information as a violation. Establishes diversification standards for certain individual account plans holding employer stock and real property. Determines allowable employer asset percentages through formulas which include plan assets in defined benefit plans as well as those in defined contribution plans. Provides exceptions for certain employee stock ownership plans (ESOPs). Prohibits requiring a participant in or beneficiary of an individual account plan to invest employee contributions or electiv…