; and (2) the Secretary of the Treasury and the Secretary of Labor shall develop recommendations for small businesses in order to improve retirement outcomes. Such recommendations shall take into account established behavioral trends of employee investment and the effect of default design features such as auto escalation, expansion of auto rollovers, auto diversification for near retirees, and automatic forms of distribution. (b) Financial literacy (1) In general Not later than 1 year after the date of the enactment of this Act, the Secretary of the Treasury, in consultation with the Secretary of Education, shall develop sample age-appropriate curricula to be made available for financial literacy education in elementary and secondary schools. (2) Content of curricula Such curricula shall include the following: (A) How to balance a checkbook, read a credit card statement, and calculate interest rates. (B) What a pay stub is and why Federal and State income taxes and Social Security and Medicare taxes are withheld from wages. (C) The differences between various types of bank accounts. (D) The significance of a credit score and how to read credit reports. (E) The marketing techniques frequently used by individuals and businesses to attract patrons. (F) The importance of saving for college and retirement, including the various methods for saving such as traditional pensions, 401(k)s, and IRAs. 16. Small employer plans (a) In general Section 401(k)(11) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (E) Deferral only small employer plan (i) In general In the case of a plan described in clause (ii)— (I) the amount described in subparagraph (B)(i)(I) shall be $10,000, in lieu of the amount in effect under section 408(p)(2)(A)(ii), (II) such $10,000 amount shall, in the case years beginning after December 31, 2018, be adjusted as described in section 408(p)(2)(E)(ii) except that the base period taken into account shall be the calendar quarter beginning July 1, 2017,