,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #gdci  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #a1 #bjbj,ms4   
,bonamici 7= h]self & ,mr4 ,banks7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means1 & 9    
addition to ! ,committee on ,education &
 ,labor1 = a p]iod to be subsequ5tly    
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to e/abli% ! ,retirem5t ,sav+s
 ,lo/ & ,f\nd1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,retirem5t ,sav+s ,lo/ & ,f\nd ,act4    
#b4 ,retirem5t sav+s lo/ & f\nd  7a7    
,retirem5t ,sav+s ,lo/ & ,f\nd  7#a7    
,e/abli%m5t  7,a7 ,9 g5]al ,n lat] ?an  
#b ye>s aft] ! date ( ! enactm5t ( ?is  
,act1 ! ,commission] ( ,social ,security
 & ! ,secret>y ( ! ,treasury 9          
coop]ation %all e/abli% an onl9e        
me*anism to be kn[n z ! ,retirem5t      
,sav+s ,lo/ & ,f\nd1 to be manag$ by !  
,director ( ! ,retirem5t ,sav+s ,lo/ &  

,f\nd e/abli%$ "u subsection 7c7 ( ?is  
section-- 7i7 to all[ an individual to  
se>* = in=mation t enables ! individual 
to locate ! plan adm9i/rator ( any plans
 ) respect to :i* ! individual is a     
p>ticipant or b5efici>y1 & to provide   
contact in=mation = ! plan adm9i/rator (
 any plan describ$ 9 subp>agraph 7,b7 ) 
respect to :i* ! individual may be      
entitl$ to a b5efit2  7ii7 to all[ su*  
,director to assi/ su* an individual 9  
locat+ any plan ( ! individual2 &  7iii7
 to all[ su* ,director to make any      
necess>y *anges to contact in=mation on 
record = ! plan adm9i/rator bas$ on any 
*anges to ! plan due to m]g] or         
consolidation ( ! plan ) any o!r plan1  
division ( ! plan into two or m plans1  
bankruptcy1 t]m9ation1 *ange 9 "n ( !   
plan1 *ange 9 "n or address ( ! plan    
adm9i/rator1 or o!r causes4  ,!         
,retirem5t ,sav+s ,lo/ & ,f\nd e/abli%$ 
"u ?is p>agraph %all conta9 ! in=mation 
obta9$ by ! ,commission] ( ,social      
,security reg>d+ def]r$ ve/$ b5efits "u 

section #fjeg ( ! ,int]nal ,rev5ue ,code
 ( #aihf 7includ+ in=mation s obta9$    
be=e ! date ( ! enactm5t ( ?is ,act74   
,su* in=mation %all be reta9$ 9 !       
,retirem5t ,sav+s ,lo/ & ,f\nd 9        
p]petuity4  7,b7 ,plans describ$ ,a plan
 describ$ 9 ?is subp>agraph is a plan to
 :i* ! ve/+ /&>ds ( section #bjc ( "p #b
 ( subtitle ,b ( title ,i ( ! ,employee 
,retirem5t ,income ,security ,act (     
#aigd apply4  7#b7 ,adm9i/ration ,!     
,retirem5t ,sav+s ,lo/ & ,f\nd e/abli%$ 
"u p>agraph 7#a7 %all provide           
individuals describ$ 9 p>agraph         
7#a77;,a7 only ) ! ability to view      
contact in=mation = ! plan adm9i/rator (
 any plan ) respect to :i* ! individual 
is a p>ticipant or b5efici>y1 suffici5t 
to all[ ! individual to locate !        
individual's plan4  7#c7 ,curr5t        
in=mation  7,a7 ,9 g5]al ,p>agraph 7#b7 
( section #fjeg7;a7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf is am5d$-- 7i7 9         
subp>agraph 7,c7-- 7,i7 by /rik+ dur+   
su* plan ye> 9 clause 7i7 & ins]t+ dur+ 

! plan ye> imm$iately prec$+ su* plan   
ye>2  7,,ii7 by add+ & at ! end ( clause
 7i72 &  7,,iii7 by /rik+ clause 7iii72 
7ii7 by r$esignat+ subp>agraph 7,e7 z   
subp>agraph 7,g72  7iii7 by /rik+ & at !
 end ( subp>agraph 7,d72 &  7iv7 by     
ins]t+ aft] subp>agraph 7,d7 ! foll[+   
new subp>agraphs3  7,e7 ! "n & taxpay]  
id5tify+ numb] ( ea* p>ticipant or =m]  
p>ticipant 9 ! plan-- 7i7 :o1 dur+ any  
previ\s plan ye>1 0 report$ "u          
subp>agraph 7,c71 & ) respect to :om !  
b5efits describ$ 9 subp>agraph 7,c77ii7 
7 fully paid dur+ ! plan ye>1  7ii7 )   
respect to :om any am\nt 0 di/ribut$ "u 
section #dja7;a77#ca77;,b7 dur+ ! plan  
ye>1 or  7iii7 ) respect to :om a def]r$
 annuity contract 0 di/ribut$ dur+ !    
plan ye>1  7,f7 9 ! case ( a p>ticipant 
or =m] p>ticipant to :om subp>agraph    
7,e7 applies-- 7i7 9 ! case ( a         
p>ticipant describ$ 9 clause 7ii7 !re(1 
! "n & address ( ! designat$ tru/ee or  
issu] describ$ 9 section                
#dja7;a77#ca77;,b77i7 & ! acc\nt numb] (

 ! individual retirem5t plan to :i* !   
am\nt 0 di/ribut$1 &  7ii7 9 ! case ( a 
p>ticipant describ$ 9 clause 7iii7 !re(1
 ! "n & address ( ! issu] ( su* annuity 
contract & ! contract or c]tificate     
numb]1 &  4  7,b7 ,rules relat+ to      
direct tru/ee-to-tru/ee transf]s  7i7 ,9
 g5]al ,p>agraph 7#f7 ( section #djb7;e7
 ( su* ,code is am5d$-- 7,i7 by /rik+   
transf]s4--,any & ins]t+ 8transf]s4--   
7,a7 ,9 g5]al ,any  2 &  7,,ii7 by add+ 
at ! end ! foll[+ new subp>agraph3  7,b7
 ,notification ( tru/ee ,9 ! case ( a   
di/ribution "u section                  
#dja7;a77#ca77;,b71 ! plan adm9i/rator  
%all notify ! designat$ tru/ee or issu] 
describ$ 9 clause 7i7 !re( t ! transf]  
is a m&atory di/ribution requir$ by su* 
section4  4  7ii7 ,p5alty ,subsection   
7i7 ( section #ffeb ( su* ,code is      
am5d$-- 7,i7 by /rik+ to recipi5ts 9 !  
head+ & ins]t+ or notification2  7,,ii7 
by /rik+ #djb7;f71 & ins]t+ #djb7;f7 or 
a notification z requir$ by section     
#djb7;e77#f77;,b712 &  7,,iii7 by /rik+ 

su* writt5 explanation & ins]t+ su*     
writt5 explanation or notification4     
7iii7 ,reports ,subsection 7i7 ( section
 #djh ( su* ,code is am5d$-- 7,i7 by    
r$esignat+ subp>agraphs 7,a7 & 7,b7 (   
p>agraph 7#b7 z clauses 7i7 & 7ii71     
respectively1 & by mov+ su* clauses #b  
ems to ! "r2  7,,ii7 by r$esignat+      
p>agraphs 7#a7 & 7#b7 z subp>agraphs    
7,a7 & 7,b71 respectively1 & by mov+ su*
 subp>agraphs #b ems to ! "r2  7,,iii7  
by /rik+ z ! ,secret>y prescribes 9     
subp>agraph 7,b77ii71 z s r$esignat$1 & 
all t foll[s ?r\gh a simple retirem5t   
acc\nt & ins]t+ 8z ! ,secret>y          
prescribes4  7#c7 ,simple retirem5t     
acc\nts ,9 ! case ( a simple retirem5t  
acc\nt  2  7,,iv7 by /rik+ ,reports4--,!
 tru/ee ( & ins]t+ 8,reports4--  7#a7 ,9
 g5]al ,! tru/ee (  2  7,v7 by /rik+ "u 
p>agraph 7#b7 9 p>agraph 7#c71 z        
r$esignat$ by clause 7iii71 & ins]t+ "u 
p>agraph 7#a77;,b72 &  7,,vi7 by ins]t+ 
aft] p>agraph 7#a77;,b77ii71 z          
r$esignat$ by ! prec$+ clauses1 ! foll[+

 new p>agraph3  7#b7 ,m&atory           
di/ributions ,9 ! case ( an acc\nt1     
contract1 or annuity to :i* a transf] "u
 section #dja7;a77#ca77;,b7 is made     
7includ+ a transf] f ! individual       
retirem5t plan to :i* ! orig9al transf] 
"u su* section 0 made to ano!r          
individual retirem5t plan71 ! report    
requir$ by ?is subsection = ! ye> ( !   
transf] %all-- 7,a7 id5tify su* transf] 
z a m&atory di/ribution requir$ by su*  
section1  7,b7 include ! "n1 address1 & 
taxpay] id5tify+ numb] ( ! tru/ee or    
issu] ( ! individual retirem5t plan to  
:i* ! am\nt is transf]r$1 &  7,c7 be    
fil$ ) ! ,director ( ! ,retirem5t ,sav+s
 ,lo/ & ,f\nd e/abli%$ "u section       
#b7;a77#a7 ( ! ,retirem5t ,sav+s ,lo/ & 
,f\nd ,act z well z ) ! ,secret>y4  4   
7,c7 ,notification ( p>ticipants ^u     
sep>ation ,subsection 7e7 ( section     
#fjeg ( su* ,code is am5d$ by ins]t+ 1 &
 a notice ( ! availability ( !          
,retirem5t ,sav+s ,lo/ & ,f\nd e/abli%$ 
"u section #b7;a77#a7 ( ! ,retirem5t    

,sav+s ,lo/ & ,f\nd ,act be=e ! p]iod at
 ! end ( ! second s5t5ce4  7,d7         
,effective date ,! am5dm5ts made by ?is 
p>agraph %all apply to di/ributions made
 91 & returns & reports relat+ to1 ye>s 
beg9n+ aft] ! second ,decemb] #ca       
occurr+ aft] ! date ( ! enactm5t ( ?is  
,act4  7#d7 ,coord9ation ) di/ribution  
requirem5ts1 fiduci>y duties1 etc  7,a7 
,am5dm5t ( ,int]nal ,rev5ue ,code (     
#aihf ,p>agraph 7#i7 ( section #dja7;a7 
( ! ,int]nal ,rev5ue ,code ( #aihf1 z   
am5d$ by ! prec$+ provisions ( ?is ,act1
 is fur!r am5d$ by add+ at ! end !      
foll[+ new subp>agraph3  7,k7           
,coord9ation ) ,retirem5t ,sav+s ,lo/ & 
,f\nd  7i7 ,9 g5]al ,) respect to any   
lo/ or miss+ p>ticipant ( a plan1 ! plan
 %all n be treat$ z fail+ to satisfy !  
requirem5ts ( ?is p>agraph or any o!r   
requirem5t ( ?is title :i* _c be        
satisfi$ due to ! plan's inability to   
locate ! p>ticipant4  7ii7 ,lo/ or miss+
 p>ticipant ,= purposes ( subclause 7i71
 ! t]m lo/ or miss+ p>ticipant %all be  

def9$ 9 guidance to be issu$ jo9tly by !
 ,int]nal ,rev5ue ,s]vice1 ,dep>tm5t ( !
 ,treasury1 ! ,employee ,b5efits        
,security ,adm9i/ration1 ,dep>tm5t (    
,labor1 & ! ,p5sion ,b5efit ,gu>anty    
,corporation4 ,su* guidance %all be s   
issu$ n lat] ?an #a ye> aft] ! date ( ! 
enactm5t ( ?is subp>agraph4  4  7,b7    
,am5dm5t ( ,employee ,retirem5t ,income 
,security ,act ( #aigd  7i7 ,9 g5]al    
,section #djd ( ! ,employee ,retirem5t  
,income ,security ,act ( #aigd 7#bi     
,u4,s4,c4 #aajd7 is am5d$ by add+ at !  
end ! foll[+ new subsection3  7e7       
,coord9ation ) ,retirem5t ,sav+s ,lo/ & 
,f\nd  7#a7 ,9 g5]al ,) respect to any  
lo/ or miss+ p>ticipant ( a plan1 a     
fiduci>y ( ! plan %all n be treat$ z    
fail+ to satisfy any requirem5t to se>* 
= or attempt to locate1 or to provide   
any docum5t or in=mation to1 su*        
individual1 or any o!r requirem5t ( ?is 
title :i* _c be satisfi$ due to ! plan's
 inability to locate ! p>ticipant4  7#b7
 ,lo/ or miss+ p>ticipant ,= purposes ( 

p>agraph 7#a71 ! t]m lo/ or miss+       
p>ticipant %all be def9$ 9 guidance to  
be issu$ jo9tly by ! ,int]nal ,rev5ue   
,s]vice1 ,dep>tm5t ( ! ,treasury1 !     
,employee ,b5efits ,security            
,adm9i/ration1 ,dep>tm5t ( ,labor1 & !  
,p5sion ,b5efit ,gu>anty ,corporation4  
,su* guidance %all be s issu$ n lat] ?an
 #a ye> aft] ! date ( ! enactm5t ( ?is  
subsection4  4  7ii7 ,con=m+ am5dm5ts   
,section #djej7;a77#a7 ( ! ,employee    
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #acej7;a77#a77 is  
am5d$ 9 subp>agraph 7,b7-- 7,i7 by /rik+
 provides & ins]t+ ei!r-- 7i7 provides  
2  7,,ii7 by /rik+ ! p]iod at ! end &   
ins]t+ 2 or2 &  7,,iii7 by add+ at ! end
 ! foll[+ new clause3  7ii7 satisfies ! 
requirem5ts ( section #fjeg7;a7 ( !     
,int]nal ,rev5ue ,code ( #aihf4  4  7#e7
 ,requirem5t ( electronic fil+  7,a7 ,9 
g5]al ,p>agraph 7#b7 ( section #fjaa7;e7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$-- 7i7 by r$esignat+ subp>agraphs  
7,a7 & 7,b7 z clauses 7i7 & 7ii71       

respectively1 & by mov+ su* clauses #b  
ems to ! "r2  7ii7 by /rik+             
regulations4--,9 prescrib+ & ins]t+     
8regulations4--  7,a7 ,9 g5]al ,9       
prescrib+  2 &  7iii7 by add+ at ! end !
 foll[+ new subp>agraph3  7,c7          
,exceptions ,not)/&+ subp>agraph 7,a71 !
 ,secret>y %all require returns or      
reports requir$ "u-- 7i7 sections #fjeg1
 #fjeh1 & #fjei1 &  7ii7 sections       
#djh7;i71 #fjda1 & #fjdg to ! ext5t su* 
return or report relates to ! tax       
treatm5t ( a di/ribution f a plan1      
acc\nt1 contract1 or annuity1  to be    
fil$ on magnetic m$ia1 b only ) respect 
to p]sons :o are requir$ to file at lea/
 #ej returns dur+ ! cal5d> ye> :i*      
includes ! fir/ day ( ! plan ye> to :i* 
su* returns or reports relate4  4  7,b7 
,effective date ,! am5dm5ts made by ?is 
p>agraph %all apply to returns & reports
 relat+ to ye>s beg9n+ aft] ! second    
,decemb] #ca occurr+ aft] ! date ( !    
enactm5t ( ?is ,act4  7#f7 ,safegu>d+   
p>ticipant privacy & security ,9        

e/abli%+ ! ,retirem5t ,sav+s ,lo/ &     
,f\nd "u p>agraph 7#a71 ! ,commission] (
 ,social ,security & ! ,secret>y ( !    
,treasury %all take all necess>y & prop]
 precautions1 includ+ consult+ ) !      
,secret>y ( ,heal? & ,human ,s]vices1 to
 ensure t individuals' plan in=mation   
ma9ta9$ by ! ,retirem5t ,sav+s ,lo/ &   
,f\nd is protect$ & t p]sons o!r ?an !  
individual _c fraudul5tly claim !       
b5efits to :i* any individual is        
entitl$1 & to all[ any individual to opt
 out ( inclusion 9 ! ,lo/ & ,f\nd at !  
election ( ! individual4  7#g7 ,con=m+  
am5dm5t ,subp>agraph 7,b7 ( section     
#fajc7l77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ responsibility
 "u section #aaca ( ! ,social ,security 
,act & ins]t+ responsibilities "u       
section #aaca ( ! ,social ,security ,act
 & section #b7;a77#a77;,a7 ( !          
,retirem5t ,sav+s ,lo/ & ,f\nd ,act4    
7#h7 ,au?orization ( appropriations ,!re
 are au?oriz$ to be appropriat$ su* sums
 z may be necess>y to c>ry out !        

purposes ( ?is subsection4  7b7 ,m&atory
 transf]s ( rollov] di/ributions  7#a7  
,inve/m5t options  7,a7 ,9 g5]al        
,subp>agraph 7,b7 ( section #djd7;c77#c7
 ( ! ,employee ,retirem5t ,income       
,security ,act ( #aigd 7#bi ,u4,s4,c4   
#aajd7;c77#c77 is am5d$ by /rik+ ! p]iod
 at ! end & ins]t+ 81 &1 to ! ext5t !   
,secret>y provides 9 guidance or        
regulations issu$ aft] ! enactm5t ( ?is 
,act1 is made to--  7i7 a t>get date or 
life cycle fund held "u su* acc\nt2     
7ii7 z describ$ 9 section #beej4djd;a-#b
 ( title #bi1 ,code ( ,f$]al            
,regulations1 an inve/m5t product held  
"u su* acc\nt design$ to pres]ve        
pr9cipal & provide a reasonable rate (  
return2  7iii7 ! ,director ( !          
,retirem5t ,sav+s ,lo/ & ,f\nd 9        
accordance ) section #b7;c77#b77;,a77ii7
 ( ! ,retirem5t ,sav+s ,lo/ & ,f\nd ,act
 or an individual retirem5t acc\nt 7z   
def9$ 9 section #djh7;a7 ( ! ,int]nal   
,rev5ue ,code ( #aihf7 e/abli%$ by !    
,secret>y ( ! ,treasury on behalf ( !   

p>ticipant or b5efici>y1 b only if all  
applicable report+ requirem5ts are met )
 respect to su* transf]2 or  7iv7 su*   
o!r option z ! ,secret>y may s provide4 
4  7,b7 ,regulations ,n lat] ?an #bgj   
days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y ( ,labor %all         
promulgate regulations id5tify+ ! t>get 
date or life cycle funds1 or specify+ ! 
*>act]i/ics ( su* a fund1 t w be deem$  
to meet ! requirem5ts ( section         
#djd7;c77#c77;,b77i7 ( ! ,employee      
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4                    
#aajd7;c77#c77;,b771 z am5d$ by         
subp>agraph 7,a74  7#b7 ,expansion (    
cap2 au?ority to transf] less] am\nts   
7,a7 ,cap ,sections                     
#dja7;a77#ca77;,b77ii7 &                
#daa7;a77#aa77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf & section #bjc7;e77#a7 ( !
 ,employee ,retirem5t ,income ,security 
,act ( #aigd are ea* am5d$ by /rik+     
#e1jjj & ins]t+ #f1jjj4  7,b7 ,less]    
am\nts ,subp>agraph 7,b7 ( section      

#dja7;a77#ca7 ( su* ,code is am5d$ by   
add+ at ! end ! foll[+ new clauses3     
7iii7 ,treatm5t ( less] am\nts ,9 ! case
 ( a tru/ :i* is "p ( an eligible plan1 
su* tru/ %all n be a qualifi$ tru/ "u   
?is section unless su* plan provides t1 
if a p>ticipant 9 ! plan sep>ates f !   
s]vice cov]$ by ! plan & ! non=feitable 
accru$ b5efit describ$ 9 clause 7ii7 is 
n 9 excess ( #a1jjj1 ! plan adm9i/rator 
%all 7ei!r sep>ately or z "p ( ! notice 
"u section #djb7;f77 notify ! p>ticipant
 t ! p>ticipant is entitl$ to su* b5efit
 or attempt to pay ! b5efit directly to 
! p>ticipant4  7iv7 ,transf]s to        
,retirem5t ,sav+s ,lo/ & ,f\nd or       
,treasury ,if1 aft] a plan adm9i/rator  
takes ! action requir$ "u clause 7iii71 
! p>ticipant does n-- 7,i7 )9 #f mon?s (
 ! notification "u su* clause1 make an  
election "u subp>agraph 7,a7 or elect to
 receive a di/ribution ( ! b5efit       
directly1 or  7,,ii7 accept any direct  
paym5t made "u su* clause )9 #f mon?s ( 
! attempt$ paym5t1  ! plan adm9i/rator  

%all transf] ! am\nt ( su* b5efit to !  
,director ( ! ,retirem5t ,sav+s ,lo/ &  
,f\nd 9 accordance ) section            
#b7;c77#b77;a77ii7 ( ! ,retirem5t ,sav+s
 ,lo/ & ,f\nd ,act or to an individual  
retirem5t acc\nt 7z def9$ 9 section     
#djh7;a77 e/abli%$ by ! ,secret>y on    
behalf ( ! individual4  7v7 ,income tax 
treatm5t ( transf]s to ,retirem5t ,sav+s
 ,lo/ & ,f\nd ,= purposes ( det]m9+ !   
income tax treatm5t ( transf]s to !     
,director ( ! ,retirem5t ,sav+s ,lo/ &  
,f\nd "u clause 7iv7-- 7,i7 su* a       
transf] %all be treat$ z a transf] to an
 individual retirem5t plan "u clause    
7i71 &  7,,ii7 ! di/ribution ( su*      
am\nts by ! ,director ( ! ,retirem5t    
,sav+s ,lo/ & ,f\nd %all be treat$ z a  
di/ribution f an individual retirem5t   
plan4  4  7,c7 ,effective date ,!       
am5dm5ts made by ?is p>agraph %all apply
 to ve/$ b5efits ) respect to           
p>ticipants :o sep>ate f s]vice connect$
 to ! plan 9 plan ye>s beg9n+ aft] !    
second ,decemb] #ca occurr+ aft] ! date 

( ! enactm5t ( ?is ,act4  7,d7 ,rule (  
con/ruction ,no?+ 9 ?is section %all be 
int]pret$ to prohibit a plan adm9i/rator
 f transf]r+ ! acc\nts ( miss+          
p>ticipants to ! ,p5sion ,b5efit        
,gu>anty ,corporation pursuant to       
section #djej ( ! ,employee ,retirem5t  
,income ,security ,act ( #aigd4  7c7    
,(fice ( ! ,retirem5t ,sav+s ,lo/ &     
,f\nd  7#a7 ,9 g5]al ,n lat] ?an "o ye> 
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,commission] ( ,social ,security & !    
,secret>y ( ! ,treasury %all e/abli% )9 
! appropriate ag5cy or subdivision !re( 
an ,(fice ( ! ,retirem5t ,sav+s ,lo/ &  
,f\nd1 to be adm9i/]$ by a ,director ( !
 ,retirem5t ,sav+s ,lo/ & ,f\nd :o 7)\t 
reg>d to ! ag5cy or subdivision :]e su* 
,(fice is e/abli%$7 %all report to bo?  
su* ,commission] & su* ,secret>y4  7#b7 
,responsibilities ( ,director  7,a7 ,9  
g5]al ,9 addition to adm9i/]+ !         
,retirem5t ,sav+s ,lo/ & ,f\nd "u       
subsection 7a7 & c>ry+ out ! duties     
describ$ 9 clauses 7ii7 & 7iii7 (       

subsection 7a77#a77;,a71 ! ,director ( !
 ,retirem5t ,sav+s ,lo/ & ,f\nd e/abli%$
 "u ?is section %all-- 7i7 p]=m an      
annual audit ( plan in=mation conta9$ 9 
! ,retirem5t ,sav+s ,lo/ & ,f\nd &      
ensure t su* in=mation is curr5t &      
accurate2  7ii7 inve/ any am\nt         
transf]r$ "u section                    
#dja7;a77#ca77;,b77iv7 ( ! ,int]nal     
,rev5ue ,code ( #aihf 9 ,unit$ ,/ates   
,treasury securities2 &  7iii7 ^u       
application fil$ by ! p>ticipant or     
b5efici>y 9 su* =m & mann] z may be     
prescrib$ 9 regulations1 pay to !       
p>ticipant or b5efici>y ! am\nt         
transf]r$ 7or ! appropriate survivor    
b5efit7 ei!r-- 7,i7 9 a s+le sum 7plus  
int]e/72 or  7,,ii7 9 su* o!r =m z is   
specifi$ 9 regulations2 &  7iv7 id5tify 
su* am\nt z eligible to be paid into an 
eligible retirem5t plan describ$ 9      
section #djb7;c77#h77;,b7 ( ! ,int]nal  
,rev5ue ,code ( #aihf4  7,b7 ,option to 
contract ,! ,director ( ! ,retirem5t    
,sav+s ,lo/ & ,f\nd %all conduct an     

analysis ( ! co/ effectiv5ess (         
contract+ ) a ?ird p>ty to c>ry out !   
responsibilities "u subp>agraph 7,a7 &1 
if ! ,director det]m9es t x w\ld be m   
co/ effective to d s ?an to c>ry out su*
 responsibilities )9 ! ,(fice ( !       
,retirem5t ,sav+s ,lo/ & ,f\nd1 !       
,director %all report to ! ,committees  
on ,f9ance & ,heal?1 ,education1 ,labor1
 & ,p5sions ( ! ,s5ate & ! ,committees  
on ,ways & ,means & ,education & ,labor 
( ! ,h\se ( ,repres5tatives ! int5tion  
to s contract4  7,c7 ,option to         
prescribe protocols ,! ,director ( !    
,retirem5t ,sav+s ,lo/ & ,f\nd may      
e/abli% protocols to assi/ p>ticipants  
orig9ally treat$ z lo/ or miss+ 9 claim+
 _! b5efits "u a plan4  7,d7            
,coord9ation ,! ,director ( ! ,retirem5t
 ,sav+s ,lo/ & ,f\nd %all coord9ate ) ! 
,p5sion ,b5efit ,gu>anty ,corporation & 
o!r applicable ag5cies to integrate     
in=mation & databases on lo/1 miss+1 &  
inactive p>ticipants4