,,ii  #aag? ,,congress  #a/ ,session    
,s4 #agcj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bj1 #bjba,ms4    
,w>r5 7= h]self & ,mr4 ,da9es7 introduc$
 ! foll[+ bill2 :i* 0 read twice &      
ref]r$ to ! ,committee on ,f9ance  ,a   
,,bill  ,to increase portability ( &    
access to retirem5t sav+s1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,retirem5t ,sav+s ,lo/ &   
,f\nd ,act ( #bjba4  #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 #c ye>s aft] ! date ( 
! enactm5t ( ?is ,act1 ! ,secret>y (    
,labor1 ! ,secret>y ( ! ,treasury1 & !  
,secret>y ( ,comm]ce1 9 coop]ation1 %all
 e/abli% an onl9e se>*able database 7to 
be manag$ by ! ,p5sion ,b5efit ,gu>anty 
,corporation 9 accordance ) section     
#djea ( ! ,employee ,retirem5t ,income  
,security ,act ( #aigd7 to be kn[n z !  
,retirem5t ,sav+s ,lo/ & ,f\nd4 ,!      
,retirem5t ,sav+s ,lo/ & ,f\nd %all--   
7i7 all[ an individual to se>* =        

in=mation t enables ! individual to     
locate ! plan adm9i/rator ( any plans ) 
respect to :i* ! individual is or 0 a   
p>ticipant or b5efici>y1 & to provide   
contact in=mation = ! plan adm9i/rator (
 any plan describ$ 9 subp>agraph 7,b72  
7ii7 all[ ! corporation to assi/ su* an 
individual 9 locat+ any plan ( !        
individual2 &  7iii7 all[ ! corporation 
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 subp>agraph %all include         
in=mation report$ "u section #djea ( !  
,employee ,retirem5t ,income ,security  
,act ( #aigd & o!r relevant in=mation   
obta9$ by ! ,p5sion ,b5efit ,gu>anty    
,corporation4  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 or 0 a p>ticipant or b5efici>y1      
suffici5t to all[ ! individual to locate
 ! individual's plan 9 ord] to recov]   
any b5efit ow+ to ! individual "u !     
plan4  7#c7 ,safegu>d+ p>ticipant       
privacy & security ,9 e/abli%+ !        
,retirem5t ,sav+s ,lo/ & ,f\nd "u       
p>agraph 7#a71 ! ,p5sion ,b5efit        
,gu>anty ,corporation1 9 consultation ) 
! ,secret>y ( ,labor1 ! ,secret>y ( !   
,treasury1 & ! ,secret>y ( ,comm]ce1    
%all take all necess>y & prop]          
precautions 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$1 & to all[ any    
individual to opt out ( inclusion 9 !   
,retirem5t ,sav+s ,lo/ & ,f\nd at !     
election ( ! individual4  7b7 ,(fice ( !
 ,retirem5t ,sav+s ,lo/ & ,f\nd  7#a7 ,9
 g5]al ,subtitle ,c ( title ,,iv ( !    
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4 #acda et    
seq47 is am5d$ by add+ at ! end !       
foll[+3  #djea4 ,(fice ( ! ,retirem5t   
,sav+s ,lo/ & ,f\nd  7a7 ,e/abli%m5t2   
responsibilities ( ,(fice  7#a7 ,9 g5]al
 ,n lat] ?an #b ye>s aft] ! date ( !    
enactm5t ( ?is section1 ! ,secret>y (   
,labor1 ! ,secret>y ( ! ,treasury1 & !  
,secret>y ( ,comm]ce %all e/abli% )9 !  
corporation an ,(fice ( ! ,retirem5t    
,sav+s ,lo/ & ,f\nd 79 ?is section      
ref]r$ to z ! ,(fice74  7#b7            
,responsibilities ( ,(fice  7,a7 ,9     
g5]al ,! ,(fice %all-- 7i7 c>ry out     
subsection 7b7 ( ?is section2  7ii7     
ma9ta9 ! ,retirem5t ,sav+s ,lo/ & ,f\nd 

e/abli%$ "u section #b7;a7 ( !          
,retirem5t ,sav+s ,lo/ & ,f\nd ,act (   
#bjba2 &  7iii7 p]=m an annual audit (  
plan in=mation conta9$ 9 ! ,retirem5t   
,sav+s ,lo/ & ,f\nd & ensure t su*      
in=mation is curr5t & accurate4  7,b7   
,option to contract  7i7 ,9 g5]al ,n    
lat] ?an #b ye>s aft] ! date ( enactm5t 
( ?is section1 ! corporation %all       
conduct an analysis ( ! co/ effectiv5ess
 ( contract+ ) a ?ird p>ty to c>ry out !
 responsibilities "u subp>agraph        
7,a77iii7 &1 ^u a det]m9ation t su*     
contract+ w\ld be m co/ effective ?an   
c>ry+ out su* responsibilities )9 !     
,(fice1 ! corporation may ent] into su* 
contracts z m]it$ by su* analysis4  7ii7
 ,report ,! corporation %all report on !
 results ( ! analysis "u clause 7i7 to !
 ,committees on ,f9ance & ,heal?1       
,education1 ,labor1 & ,p5sions ( !      
,s5ate & ! ,committees on ,ways & ,means
 & ,education & ,labor ( ! ,h\se (      
,repres5tatives4  7b7 ,c]ta9            
non-,responsive p>ticipants entitl$ to  

small b5efits  7#a7 ,g5]al rule  7,a7   
,transf] to ! ,(fice ( ! ,retirem5t     
,sav+s ,lo/ & ,f\nd ,! adm9i/rator ( a  
plan t is n t]m9at$ & to :i* section    
#dja7;a77#ca77;,b7 ( ! ,int]nal ,rev5ue 
,code ( #aihf applies %all transf] to ! 
,(fice ! am\nt requir$ to be transf]r$  
"u section #dja7;a77#ca77;,b77iv7 ( su* 
,code = a non-responsive p>ticipant4    
7,b7 ,in=mation & paym5t to ! ,(fice ,^u
 mak+ a transf] "u subp>agraph 7,a71 !  
plan adm9i/rator %all provide su*       
in=mation & c]tifications z ! ,(fice    
%all specify1 includ+ ) respect to !    
transf]r$ am\nt & ! non-responsive      
p>ticipant4  7,c7 ,in=mation requirem5ts
 aft] transf] ,9 ! ev5t t1 aft] a       
transf] is made "u subp>agraph 7,a71 !  
relevant non-responsive p>ticipant      
contacts ! plan adm9i/rator or ! plan   
adm9i/rator discov]s in=mation t may    
assi/ ! ,(fice 9 locat+ ! non-responsive
 p>ticipant1 ! plan adm9i/rator %all    
notify & provide su* in=mation z !      
,(fice %all specify to ! ,(fice4  7,d7  

,se>* & paym5t by ! ,(fice foll[+       
transf] ,! ,(fice %all p]iodically1 & ^u
 receiv+ in=mation describ$ 9           
subp>agraph 7,c71 conduct a se>* = !    
non-responsive p>ticipant = :om ! ,(fice
 has receiv$ a transf] "u subp>agraph   
7,a74 ,^u location ( a non-responsive   
p>ticipant :o claims b5efits1 ! ,(fice  
%all make a s+le paym5t to !            
non-responsive p>ticipant 9 an am\nt    
equal to ! sum (-- 7i7 ! am\nt transf]r$
 to ! ,(fice "u subp>agraph 7,a7 = su*  
p>ticipant2 &  7ii7 ! return on !       
inve/m5t attributable to su* am\nt "u   
section #djje7;j77#c74  7#b7 ,def9ition 
,= purposes ( ?is subsection1 ! t]m     
non-responsive p>ticipant means a       
p>ticipant or b5efici>y ( a plan        
describ$ 9 p>agraph 7#a77;,a7-- 7,a7 :o 
is entitl$ to a b5efit subject to a     
m&atory transf] "u section              
#dja7;a77#ca77;,b77iii7 ( ! ,int]nal    
,rev5ue ,code ( #aihf2 &  7,b7 = :om !  
plan has satisfi$ ! conditions 9 section
 #dja7;a77#ca77;,b77iv7 ( su* ,code4    

7#c7 ,regulatory ,au?ority ,! ,(fice    
%all prescribe su* regulations z are    
necess>y to c>ry out ! purposes ( ?is   
section1 includ+ rules relat+ to ! am\nt
 payable to ! ,(fice & ! am\nt to be    
paid by ! ,(fice4  7c7 ,in=mation       
collection ,)9 su* p]iod aft] ! end ( a 
plan ye> z ! ,(fice may by regulations  
prescribe1 ! adm9i/rator ( a plan to :i*
 ! ve/+ /&>ds ( section #bjc apply %all 
submit ! foll[+ in=mation1 & su* o!r    
in=mation z ! corporation may require1  
to ! corporation 9 su* =m z !           
corporation may require3 7#a7 ,!        
in=mation describ$ 9 p>agraphs 7#a7     
?r\gh 7#d7 ( section #fjeg7;b7 ( !      
,int]nal ,rev5ue ,code ( #aihf4  7#b7 ,!
 in=mation describ$ 9 subp>agraphs 7,a71
 7,b71 7,e71 & 7,f7 ( section           
#fjeg7;a77#b7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf4  7d7 ,effective date ,!       
requirem5ts ( subsections 7b7 & 7c7 %all
 apply ) respect to plan ye>s beg9n+    
aft] ! second ,decemb] #ca occurr+ aft] 
! date ( ! enactm5t ( ?is section4  7e7 

,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ su* sums z   
may be necess>y to c>ry out ?is section4
  4  7#b7 ,e/abli%m5t ( fund = transf]r$
 assets ,section #djje ( ! ,employee    
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #acje7 is am5d$ by 
add+ at ! end ! foll[+3  7j7 7#a7 ,a n9?
 fund %all be e/abli%$ = ! paym5t (     
b5efits "u section #djea7;b77#a77;,d74  
7#b7 ,su* fund %all be cr$it$ ) !       
appropriate-- 7,a7 am\nts transf]r$ to !
 ,(fice ( ! ,retirem5t ,sav+s ,lo/ &    
,f\nd "u section #djea7;b77#a77;,a72 &  
7,b7 e>n+s on inve/m5ts ( ! fund or on  
assets cr$it$ to ! fund4  7#c7 ,:5ev] ! 
corporation det]m9es t ! moneys ( any   
fund are 9 excess ( curr5t ne$s1 x may  
reque/ ! inve/m5t ( su* am\nts z x      
det]m9es advisable by ! ,secret>y ( !   
,treasury 9 obligations issu$ or        
gu>ante$ by ! ,unit$ ,/ates4  4  7#c7   
,con=m+ am5dm5t ,! table ( cont5ts = !  
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4 #ajja et    

seq47 is am5d$ by ins]t+ aft] ! matt]   
relat+ to section #djej ! foll[+3  ,sec4
 #djea4 ,c]ta9 non-responsive           
p>ticipants entitl$ to small b5efits4  4
  7c7 ,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 ( ! ,retirem5t ,sav+s ,lo/ &   
,f\nd ,act ( #bjba1 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 ! ,(fice ( ! ,retirem5t  
,sav+s ,lo/ & ,f\nd 9 accordance )      
section #dja7;a77#ca77;,b77iv7 ( !      
,int]nal ,rev5ue ,code ( #aihf & section

 #b7;c77#b77;,a77ii7 ( ! ,retirem5t     
,sav+s ,lo/ & ,f\nd ,act ( #bjba2 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           
,di/ribution ( l>g] am\nts to individual
 retirem5t plans only ,section          

#dja7;a77#ca77;,b77i7 ( su* ,code is    
am5d$ by add+ at ! end ! foll[+3 ,!     
,(fice ( ! ,retirem5t ,sav+s ,lo/ &     
,f\nd e/abli%$ by section #b ( !        
,retirem5t ,sav+s ,lo/ & ,f\nd ,act (   
#bjba %all n be treat$ z a tru/ee or    
issu] :i* is eligible to receive su*    
di/ributions44  7,c7 ,less] am\nts      
,section #dja7;a77#ca77;,b7 ( 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 ,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 !  
,(fice ( ! ,retirem5t ,sav+s ,lo/ &     
,f\nd 9 accordance ) section #djea7;b7 (
 ! ,employee ,retirem5t ,income         
,security ,act ( #aigd4  7v7 ,income tax
 treatm5t ( transf]s to ,retirem5t      
,sav+s ,lo/ & ,f\nd ,= purposes (       
det]m9+ ! income tax treatm5t ( transf]s
 to ! ,(fice ( ! ,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 ! ,(fice ( ! ,retirem5t ,sav+s
 ,lo/ & ,f\nd %all be treat$ z a        
di/ribution f an individual retirem5t   
plan4  4  7,d7 ,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  7d7 ,bett]    
report+ = m&atory transf]s  7#a7 ,9     
g5]al ,p>agraph 7#b7 ( section #fjeg7;a7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$-- 7,a7 9 subp>agraph 7,c7-- 7i7 by
 /rik+ dur+ su* plan ye> 9 clause 7i7 & 
ins]t+ dur+ ! plan ye> imm$iately prec$+
 su* plan ye>2  7ii7 by add+ & at ! end 
( clause 7i72 &  7iii7 by /rik+ clause  
7iii72  7,b7 by r$esignat+ subp>agraph  
7,e7 z subp>agraph 7,g72  7,c7 by /rik+ 
& at ! end ( subp>agraph 7,d72 &  7,d7  
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+ !    
curr5t plan ye> or 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  7,a7  
,9 g5]al ,p>agraph 7#f7 ( section       
#djb7;e7 ( su* ,code is am5d$-- 7i7 by  
/rik+ transf]s4--,any & ins]t+          
8transf]s4--  7,a7 ,9 g5]al ,any  2 &   
7ii7 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  
7,b7 ,p5alty ,subsection 7i7 ( section  
#ffeb ( su* ,code is am5d$-- 7i7 by     
/rik+ to recipi5ts 9 ! head+ & ins]t+ or
 notification2  7ii7 by /rik+ #djb7;f71 
& ins]t+ #djb7;f7 or a notification z   
requir$ by section #djb7;e77#f77;,b712 &
  7iii7 by /rik+ su* writt5 explanation 
& ins]t+ su* writt5 explanation or      
notification4  7,c7 ,reports ,subsection
 7i7 ( section #djh ( su* ,code is      
am5d$-- 7i7 by r$esignat+ subp>agraphs  
7,a7 & 7,b7 ( p>agraph 7#b7 z clauses   
7i7 & 7ii71 respectively1 & by mov+ su* 
clauses #b ems to ! "r2  7ii7 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 &  7iii7 by /rik+ z ! ,secret>y     
prescribes 9 subp>agraph 7,b77ii71 z s  

r$esignat$1 & all t foll[s ?r\gh a      
simple retirem5t acc\nt & ins]t+ 8z !   
,secret>y prescribes4  7#c7 ,simple     
retirem5t acc\nts ,9 ! case ( a simple  
retirem5t acc\nt  2  7iv7 by /rik+      
,reports4--,! tru/ee ( & ins]t+         
8,reports4--  7#a7 ,9 g5]al ,! tru/ee ( 
2  7v7 by /rik+ "u p>agraph 7#b7 9      
p>agraph 7#c71 z add$ by clause 7iii71 &
 ins]t+ "u p>agraph 7#a77;,b72 &  7vi7  
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] & any ye> 9 :i* ! in=mation     
previ\sly report$ 9 subp>agraph 7,b7    
*anges %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$1 &  7,c7 be    
fil$ ) ! ,p5sion ,b5efit ,gu>anty       
,corporation 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  
&1 ) respect to any b5efit ( !          
individual subject to section           
#dja7;a77#ca77;,b71 a notice (          
availability (1 & ! contact in=mation =1
 ! ,retirem5t ,sav+s ,lo/ & ,f\nd       
e/abli%$ "u section #b7;a77#a7 ( !      
,retirem5t ,sav+s ,lo/ & ,f\nd ,act (   
#bjba 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  7e7           
,requirem5t ( electronic fil+  7#a7 ,9  
g5]al ,p>agraph 7#b7 ( section #fjaa7;e7

 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$-- 7,a7 by r$esignat+ subp>agraphs 
7,a7 & 7,b7 z clauses 7i7 & 7ii71       
respectively1 & by mov+ su* clauses #b  
ems to ! "r2  7,b7 by /rik+             
regulations4--,9 prescrib+ & ins]t+     
8regulations4--  7,a7 ,9 g5]al ,9       
prescrib+  2 &  7,c7 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  7f7 ,rulemak+ ,to 
cl>ify fiduci>y duties  7#a7 ,reque/ =  
in=mation ,n lat] ?an #a ye> aft] ! date
 ( enactm5t ( ?is ,act1 ! ,secret>y (   
,labor1 9 consultation ) ! ,secret>y ( !
 ,treasury1 %all issue a reque/ =       
in=mation relat+ to ! rulemak+ describ$ 
9 p>agraph 7#b74  7#b7 ,issuance ( f9al 
rule ,n lat] ?an #c ye>s aft] su* date1 
! ,secret>y ( ,labor1 9 consultation ) !
 ,secret>y ( ! ,treasury1 %all issue a  
f9al rule t def9es ! foll[+3 7,a7 ,!    
/eps a plan sponsor mu/ take to locate a
 def]r$ ve/$ p>ticipant 9 ord] to meet  
its fiduci>y duty "u section #djd ( !   
,employee ,retirem5t ,income ,security  
,act ( #aigd ) respect to locat+ t      
p>ticipant4  7,b7 ,! ongo+ practices &  
proc$ures a plan sponsor mu/ in/itute 9 
ord] to meet su* fiduci>y duty ) respect
 to ma9ta9+ up-to-date contact in=mation
 on def]r$ ve/$ p>ticipants4