The highly publicized collapse of the Enron Corp. has focused attention on the perils of corporate retirement plans investing in employer stock. Thousands of current and former Enron employees whose 401(k) plans were invested heavily in Enron stock have suffered the loss of most of their retirement savings.
Although a statutory framework intended to protect retirement plan participants from exactly the fate suffered by the Enron employees already exists, President Bush and several members of Congress have proposed legislation aimed at providing additional safeguards and further limitations on the ability of retirement plans to invest in employer securities.
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