AMENDMENTS RELATED TO TITLE V.

SEC. 105. AMENDMENTS RELATED TO TITLE V.(a) Amendment Related to Section 501.—Section 101(f)(2)(B)(ii) of ERISA is amended—(1) by striking “for which the latest annual report filed under section 104(a) was filed” in subclause (I)(aa) and inserting “to which the notice relates”, and(2) by striking subclause (II) and inserting the following new subclause:“(II) in the case of a multiemployer plan, a statement, for the plan year to which the notice relates and the preceding 2 plan years, of the value of the plan assets (determined both in the same manner as under section 304 and under the rules of subclause (I)(bb)) and the value of the plan liabilities (determined in the same manner as under section 304 except that the method specified in section 305(i)(8) shall be used),”.(b) Amendments Related to Section 502.—(1) Section 101(k)(2) of ERISA is amended by filing at the end the following new flush sentence:“Subparagraph (C)(i) shall not apply to individually identifiable information with respect to any plan investment manager or adviser, or with respect to any other person (other than an employee of the plan) preparing a financial report required to be included under paragraph (1)(B).”.122 STAT. 5105(2) Section 4221 of ERISA is amended by striking subsection (e) and by redesignating subsections (f) and (g) as subsections (e) and (f), respectively.(c) Amendments Related to Section 503.—(1) Amendments to erisa.—(A) Section 104(b)(3) of ERISA is amended by—(i) striking “section 103(f)” and inserting “section 101(f)”, and(ii) striking “the administrators” and inserting “the administrator”.(B) Section 104(d)(1)(E)(ii) of ERISA is amended by inserting “funding” after “plan’s”.(2) Amendments to 2006 act.—Section 503(e) of the 2006 Act is amended by striking “section 101(f)” and inserting “section 104(d)”.(d) Amendment Related to Section 505.—Section 4010(d)(2)(B) of ERISA is amended by striking “section 302(d)(2)” and inserting “section 303(d)(2)”.(e) Amendments Related to Section 506.—(1) Section 4041(c)(2)(D)(i) of ERISA is amended by striking “subsection (a)(2)” the second place it appears and inserting “subparagraph (A) or the regulations under subsection (a)(2)”.(2) Section 4042(c)(3)(C)(i) of ERISA is amended—(A) by striking “and plan sponsor” and inserting “, the plan sponsor, or the corporation”, and(B) by striking “subparagraph (A)(i)” and inserting “subparagraph (A)”.(f) Amendments Related to Section 508.—Section 209(a) of ERISA is amended—(1) in paragraph (1)—(A) by striking “regulations prescribed by the Secretary” and inserting “such regulations as the Secretary may prescribe”, and(B) by striking the last sentence and inserting “The report required under this paragraph shall be in the same form, and contain the same information, as periodic benefit statements under section 105(a).”, and(2) by striking paragraph (2) and inserting the following:“(2) If more than one employer adopts a plan, each such employer shall furnish to the plan administrator the information necessary for the administrator to maintain the records, and make the reports, required by paragraph (1). Such administrator shall maintain the records, and make the reports, required by paragraph (1).”.(g) Amendment Related to Section 509.—Section 101(i)(8)(B) of ERISA is amended to read as follows:“(B) One-participant retirement plan.—For purposes of subparagraph (A), the term ‘one-participant retirement plan’ means a retirement plan that on the first day of the plan year—“(i) covered only one individual (or the individual and the individual’s spouse) and the individual (or the individual and the individual’s spouse) owned 100 percent of the plan sponsor (whether or not incorporated), or“(ii) covered only one or more partners (or partners and their spouses) in the plan sponsor.”.122 STAT. 5106