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(b)NOTICE REQUIREMENTS TO PARTICIPANTS AND BENEFICIARIES UNDER ERISA.-
(1)IN GENERAL.-Section 101 of the Employee Retirement Income Security Act of 1974(29 U.S.C.1021)is amended by redesignating the second subsection(h)as subsection(j),and by inserting after the first subsection(h)the following new subsection:
"(i)NOTICE OF BLACKOUT PERIODS TO PARTICIPANT OR BENEFICIARY UNDER INDIVIDUAL ACCOUNT PLAN.-
"(1)DUTIES OF PLAN ADMINISTRATOR.-In advance of the commencement of any blackout period with respect to an individual account plan,the plan administrator shall notify the plan participants and beneficiaries who are affected by such action in accordance with this subsection.
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