Truth in Automobile Insurance Rates Act of 2005 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require that certain information relating to automobile insurance coverage be submitted to the Federal Trade Commission (FTC) by persons: (1) who are plan administrators of employee pension benefit plans or provide administrative services to such plans; and (2) who also provide automobile insurance coverage or provide persons offering such coverage identifying information relating to plan participants or beneficiaries.