1. Short title This Act may be cited as the Information Needed for Financial Options Risk Mitigation or the INFORM Act . 2. Notice and disclosure requirements with respect to certain lump sum options (a) In general Part 1 of subtitle B of title I of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1021 et seq.) is amended by adding at the end the following: 112. Notice and disclosure requirements with respect to lump sum options (a) In general A plan sponsor of a pension plan that amends the plan to provide a period of time during which certain participants or beneficiaries who are receiving or will receive lifetime annuity payments into a lump sum under section 401(a)(9)(A)(i) of the Internal Revenue Code of 1986 shall provide notice— (1) to each participant or beneficiary offered such lump sum amount, in paper form and mailed to the last known address of the participant or beneficiary, not later than 90 days prior to the first day on which the participant or beneficiary may make an election with respect to such lump sum