,,ii  #aafth ,,congress  #ast ,session  
,s4 #ced  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #f1       
#bjai,mr4 ,warner 7for himself and ,ms4 
,collins7 introduced the following bill2
 which was read twice and referred to   
the ,committee on ,health1 ,education1  
,labor1 and ,pensions  ,a ,,bill  ,to   
avoid duplicative annual reporting under
 the ,internal ,revenue ,code of #aihf  
and the ,employee ,retirement ,income   
,security ,act of #aigd1 and for other  
purposes4  #a4 ,combined annual report  
for group of plans  7a7 ,in general ,the
 ,secretary of the ,treasury and the    
,secretary of ,labor shall1 in          
cooperation1 modify the returns required
 under section #fjeh of the ,internal   
,revenue ,code of #aihf and the reports 
required by section #ajd of the         
,employee ,retirement ,income ,security 
,act of #aigd 7#bi ,u4,s4,c4 #ajbd7 so  
that all members of a group of plans    
described in subsection 7c7 may file a  
single aggregated annual return or      

report satisfying the requirements of   
both such sections4  7b7 ,administrative
 requirements ,in developing the        
consolidated return or report under     
subsection 7a71 the ,secretary of the   
,treasury and the ,secretary of ,labor  
may require such return or report to    
include any information regarding each  
plan in the group as such ,secretaries  
determine is necessary or appropriate   
for the enforcement and administration  
of the ,internal ,revenue ,code of #aihf
 and the ,employee ,retirement ,income  
,security ,act of #aigd4  7c7 ,plans    
described ,a group of plans is described
 in this subsection if all plans in the 
group-- 7#a7 are individual account     
plans or defined contribution plans 7as 
defined in section #c7cd7 of the        
,employee ,retirement ,income ,security 
,act of #aigd 7#bi ,u4,s4,c4 #ajjb7cd77 
or in section #dad7;i7 of the ,internal 
,revenue ,code of #aihf72  7#b7 have--  
7,a7 the same trustee 7as described in  
section #djc7;a7 of such ,act 7#bi      

,u4,s4,c4 #aajc7;a7772  7,b7 the same   
one or more named fiduciaries 7as       
described in section #djb7;a7 of such   
,act 7#bi ,u4,s4,c4 #aajb7;a7772  7,c7  
the same administrator 7as defined in   
section #c7af77;,a7 of such ,act 7#bi   
,u4,s4,c4 #ajjb7af77;,a777 and plan     
administrator 7as defined in section    
#dad7;g7 of the ,internal ,revenue ,code
 of #aihf72 and  7,d7 plan years        
beginning on the same date2 and  7#c7   
provide the same investments or         
investment options to participants and  
beneficiaries4  ,a plan not subject to  
title ,i of the ,employee ,retirement   
,income ,security ,act of #aigd shall be
 treated as meeting the requirements of 
paragraph 7#b7 as part of a group of    
plans if the same person that performs  
each of the functions described in such 
paragraph1 as applicable1 for all other 
plans in such group performs each of    
such functions for such plan4  7d7      
,clarification relating to electronic   
filing of returns for deferred          

compensation plans  7#a7 ,in general    
,section #fjaa7;e7 of the ,internal     
,revenue ,code of #aihf is amended by   
adding at the end the following new     
paragraph3  7#e7 ,application of        
numerical limitation to returns relating
 to deferred compensation plans ,for    
purposes of applying the numerical      
limitation under paragraph 7#b77;,a7 to 
any return required under section #fjeh1
 information regarding each plan for    
which information is provided on such   
return shall be treated as a separate   
return4  4  7#b7 ,effective date ,the   
amendment made by paragraph 7#a7 shall  
apply to returns required to be filed   
with respect to plan years beginning    
after ,december #ca1 #bjai4  7e7        
,effective date ,the modification       
required by subsection 7a7 shall be     
implemented not later than ,january #a1 
#bjbc1 and shall apply to returns and   
reports for plan years beginning after  
,december #ca1 #bjbb4