ERISA Small Business Paperwork Reduction and Investment Act

[AI summary unavailable — showing source text] ERISA Small Business Paperwork Reduction and Investment Act - Amends the Employee Retirement Income Security Act of 1974 to require the Secretaries of Labor and the Treasury and the Executive Director of the Pension Benefit Guaranty Corporation to designate a single agency to which annual reports and registrations and certain other information required to be filed under such Act may be forwarded. Revises requirements for annual statements to employee benefit plan beneficiaries. Provides for small business representation on the Advisory Council on Employee Welfare and Pension Benefit Plans. Specifies deadlines by which requested administrative action must be taken. Revises guidelines for fiduciaries investing employee benefit plan funds. Directs that consultations be held for the purpose of implementing certain recommendations of the Commission on Federal Paperwork.…