,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #aibg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bj1 #bjai,mr4   
,k5n$y introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to am5d ! ,employee         
,retirem5t ,income ,security ,act (     
#aigd ) respect to association retirem5t
 plans & o!r multiple employ] p5sion    
b5efit plans4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,exp&+ ,access to      
,retirem5t ,act ( #bjai4  #b4 ,def9ition
 ( employ] = purposes ( association     
retirem5t plans & o!r multiple employ]  
p5sion b5efit plans  7a7 ,def9ition (   
employ] ,section #c7e7 ( ! ,employee    
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #ajjb7e77 is am5d$ 
by /rik+ ! p]iod & ins]t+ 7:i*1 )       
respect to a def9$ contribution p5sion  
plan1 includes only a bona fide gr\p or 
association ( employ]s or a bona fide   
pr(essional employ] organization1 z     
def9$ 9 p>agraphs 7#dc7 & 7#dd71        

respectively744  7b7 ,bona fide gr\p or 
association ( employ]s ,section #c ( !  
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4 #ajjb7 is   
am5d$ by add+ at ! end ! foll[+3  7#dc7 
7,a7 ,! t]m bona fide gr\p or           
association ( employ]s means a gr\p or  
association ( employ]s t meets all ( !  
foll[+ requirem5ts3 7i7 ,! prim>y       
purpose ( ! gr\p or association may be  
to (f] & provide multiple employ] p5sion
 plan cov]age to employ] memb]s & _!    
employees1 provid$ t ! gr\p or          
association has at lea/ "o sub/antial   
bus9ess purpose unrelat$ to (f]+ &      
provid+ multiple employ] p5sion plan    
cov]age or o!r employee b5efits4  7ii7  
,ea* employ] memb] ( ! gr\p or          
association p>ticipat+ 9 ! plan is a    
p]son act+ directly z an employ] ( at   
lea/ "o employee :o is a p>ticipant     
cov]$ "u ! plan4  7iii7 ,! gr\p or      
association has a =mal organizational   
/ructure ) a gov]n+ body & has by-laws  
or o!r simil> indications ( =mality4    

7iv7 ,! functions & activities ( ! gr\p 
or association are controll$1 9 =m & 9  
sub/ance1 by its employ] memb]s & !     
gr\p's or association's employ] memb]s t
 p>ticipate 9 ! p5sion plan4  7v7 ,!    
employ] memb]s h a commonality ( int]e/ 
z describ$ 9 subp>agraph 7,c74  7vi7 ,! 
gr\p or association does n make plan    
p>ticipation ?r\gh ! association        
available o!r ?an to employees & =m]    
employees ( employ] memb]s1 & _!        
b5efici>ies4  7vii7 ,! gr\p or          
association is n a bank or tru/ company1
 insurance issu]1 brok]-deal]1 or o!r   
simil> f9ancial s]vices firm 7includ+   
p5sion record keep]s & ?ird-p>ty        
adm9i/rators71 or own$ or controll$ by  
su* an entity or any subsidi>y or       
affiliate ( su* an entity1 o!r ?an to ! 
ext5t su* an entity1 subsidi>y1 or      
affiliate p>ticipates 9 ! gr\p or       
association 9 its capacity z an employ] 
memb] ( ! gr\p or association4  7,b7 ,= 
purposes ( subp>agraph 7,a77i7-- 7i7 a  
sub/antial bus9ess purpose is consid]$  

to exi/ if ! gr\p or association w\ld be
 a viable entity 9 ! abs5ce ( sponsor+  
an employee b5efit plan2 &  7ii7 a      
bus9ess purpose includes promot+ common 
bus9ess int]e/s ( ! gr\p's or           
association's memb]s or ! common        
economic int]e/s 9 a giv5 trade or      
employ] community & is n requir$ to be a
 =-pr(it activity4  7,c7 7i7 ,= purposes
 ( subp>agraph 7,a77#e7-- 7,i7 ,employ] 
memb]s ( a gr\p or association %all be  
consid]$ to h a commonality ( int]e/    
if--  7aa7 ! employ]s are 9 ! same      
trade1 indu/ry1 l9e ( bus9ess1 or       
pr(ession2 or  7bb7 ea* employ] has a   
pr9cipal place ( bus9ess 9 ! same region
 t does n exce$ ! b\nd>ies ( a s+le     
,/ate or a metropolitan area 7ev5 if !  
metropolitan area includes m ?an "o     
,/ate74  7ii7 ,9 ! case ( a gr\p or     
association t is sponsor+ a multiple    
employ] plan & t is an employ] memb] ( !
 gr\p or association1 ! gr\p or         
association w be deem$ = purposes (     
p>agraph 7b77#b77;i77,a7 to be 9 ! same 

trade1 indu/ry1 l9e ( bus9ess1 or       
pr(ession1 z applicable1 z ! o!r employ]
 memb]s ( ! gr\p or association4  7,d7  
7i7 ,= purposes ( subp>agraph 7,a71 a   
work+ own] ( a trade or bus9ess )\t     
common law employees may qualify z bo?  
an employ] & z an employee ( ! trade or 
bus9ess4  7ii7 ,= purposes ( clause 7i71
 ! t]m work+ own] means any p]son :o a  
responsible plan fiduci>y reasonably    
det]m9es is an individual-- 7,i7 :o has 
an own]%ip "r ( any nature 9 a trade or 
bus9ess1 :e!r incorporat$ or            
un9corporat$1 includ+ a p>tn] or o!r    
self-employ$ individual2  7,,ii7 :o is  
e>n+ wages or self-employm5t income f ! 
trade or bus9ess = provid+ p]sonal      
s]vices to ! trade or bus9ess2 &        
7,,iii7 :o-- 7aa7 works on av]age at    
lea/ #bj h\rs p] week or at lea/ #hj    
h\rs p] mon? provid+ p]sonal s]vices to 
! work+ own]'s trade or bus9ess2 or     
7bb7 has wages or self-employm5t income 
f su* trade or bus9ess t at lea/ equals 
! work+ own]'s co/ ( cov]age =          

p>ticipation by ! work+ own] & any cov]$
 b5efici>ies 9 any gr\p heal? plan      
sponsor$ by ! gr\p or association 9 :i* 
! individual is p>ticipat+ or is        
eligible to p>ticipate4  7iii7 ,!       
det]m9ation ( :e!r an individual        
qualifies z a work+ own] %all be made :5
 ! individual fir/ becomes eligible =   
p>ticipation 9 ! def9$ contribution     
multiple employ] p5sion plan & cont9u$  
eligibility pursuant to ?is subp>agraph 
%all be p]iodically confirm$ pursuant to
 reasonable monitor+ proc$ures4  4  7c7 
,bona fide pr(essional employ]          
organization ,section #c ( ! ,employee  
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #ajjb71 z am5d$ by 
subsection 7b71 is fur!r am5d$ by add+  
at ! end ! foll[+3  7#dd7 7,a7 ,! t]m   
bona fide pr(essional employ]           
organization means a human res\rce      
company t contractually assumes c]ta9   
employ] responsibilities ( employ]s :o  
are cli5ts ( ! organization 7ref]r$ to 9
 ?is p>agraph z cli5t employ]s7 & t     

meets all ( ! foll[+ requirem5ts3  7i7  
,! organization p]=ms sub/antial        
employm5t functions1 z describ$ 9       
subp>agraph 7,b71 on behalf ( cli5t     
employ]s1 & ma9ta9s adequate records    
relat+ to su* functions4  7ii7 ,!       
organization has sub/antial control ov] 
! functions & activities ( ! multiple   
employ] plan1 z ! plan sponsor 7)9 !    
mean+ ( section #c7af77;,b771 ! plan    
adm9i/rator 7)9 ! mean+ ( section       
#c7af77;,a771 & a nam$ fiduci>y 7)9 !   
mean+ ( section #djb74  7iii7 ,!        
organization ensures t ea* cli5t employ]
 t adopts ! multiple employ] p5sion plan
 acts directly z an employ] ( at lea/ "o
 employee :o is a p>ticipant cov]$ "u ! 
def9$ contribution multiple employ]     
plan4  7iv7 ,! organization ensures t   
p>ticipation 9 ! multiple employ] p5sion
 plan is available only to employees &  
=m] employees ( ! organization & cli5t  
employ]s1 & _! b5efici>ies4  7v7 ,!     
organization e/abli%es a multiple       
employ] p5sion plan4  7,b7 7i7 ,!       

,secret>y %all det]m9e :e!r an          
organization is consid]$ to p]=m        
sub/antial employm5t functions on behalf
 ( cli5t employ]s1 )9 ! mean+ (         
subp>agraph 7,a77i71 bas$ on ! crit]ia  
"u clause 7ii74  7ii7 ,an organization  
p]=ms sub/antial employm5t functions if 
ei!r ( ! foll[+ applies3 7,i7 ,!        
organization is a c]tifi$ pr(essional   
employ] organization 7z def9$ 9 section 
#ggje7;a7 ( ! ,int]nal ,rev5ue ,code (  
#aihf71 has ent]$ into a s]vice contract
 7)9 ! mean+ ( section #ggje7;e77#b7 (  
su* ,code7 ) respect to its cli5ts t    
adopt ! def9$ contribution multiple     
employ] p5sion plan4  7,,ii7 ,!         
organization meets #e or m ( ! foll[+   
crit]ia ) respect to employees ( cli5t  
employ]s p>ticipat+ 9 ! multiple employ]
 p5sion plan3  7aa7 ,! organization is  
responsible = paym5t ( wages to         
employees ( its cli5t employ]s t adopt !
 plan )\t reg>d to ! receipt or adequacy
 ( paym5t f su* cli5t employ]s4  7bb7 ,!
 organization is responsible = report+1 

)hold+1 & pay+ any applicable ,f$]al    
employm5t taxes = its cli5t employ]s t  
adopt ! plan1 )\t reg>d to ! receipt or 
adequacy ( paym5t f ^? cli5t employ]s4  
7cc7 ,! organization is responsible =   
recruit+1 hir+1 & fir+ work]s ( its     
cli5t employ]s t adopt ! plan 9 addition
 to ! cli5t employ]'s responsibility =  
recruit+1 hir+1 & fir+ work]s4  7dd7 ,! 
organization is responsible = e/abli%+  
employm5t policies1 e/abli%+ conditions 
( employm5t1 & sup]vis+ employees ( its 
cli5t employ]s t adopt ! plan 9 addition
 to ! cli5t employ]'s responsibility to 
p]=m su* functions4  7ee7 ,!            
organization is responsible = det]m9+   
employee comp5sation1 includ+ me?od &   
am\nt1 ( employees ( its cli5t employ]s 
t adopt ! plan 9 addition to ! cli5t    
employ]s' responsibility to det]m9e     
employee comp5sation4  7ff7 ,!          
organization is responsible = provid+   
work]s' comp5sation cov]age 9           
satisfaction ( applicable ,/ate law to  
employees ( its cli5t employ]s t adopt !

 plan1 )\t reg>d to ! receipt or        
adequacy ( paym5t f ^? cli5t employ]s4  
7gg7 ,! organization is responsible =   
integral human-res\rce functions ( its  
cli5t employ]s t adopt ! plan1 su* z    
job-description developm5t1 backgr\nd   
scre5+1 drug te/+1 employee-h&book      
prep>ation1 p]=mance review1 paid "t-(f 
track+1 employee grievances1 or exit    
int]views1 9 addition to ! cli5t        
employ]'s responsibility to p]=m su*    
functions4  7hh7 ,! organization is     
responsible = regulatory compliance (   
its cli5t employ]s p>ticipat+ 9 ! plan 9
 ! areas ( workplace discrim9ation1     
family & m$ical leave1 citiz5%ip or     
immigration /atus1 workplace safety &   
heal?1 or ,program ,electronic ,review  
,managem5t labor c]tification1 9        
addition to ! cli5t employ]'s           
responsibility = regulatory compliance4 
7ii7 ,! organization cont9ues to h      
employee-b5efit-plan obligations to     
multiple employ] p5sion plan p>ticipants
 aft] ! cli5t employ] no long] contracts

 ) ! organization4  7iii7 ,! ,secret>y  
may det]m9e t an organization p]=ms     
sub/antial employm5t functions bas$ ^u  
f9d+ t su* organization meets z few z a 
s+le crit]ion "u subclause 7,i7 or      
7,,ii7 ( clause 7ii74  4