; (ii) by striking 402(f), and inserting 402(f) or a notification as required by section 402(e)(6)(B), ; and (iii) by striking such written explanation and inserting such written explanation or notification . (C) Reports Subsection (i) of section 408 of such Code is amended— (i) by redesignating subparagraphs (A) and (B) of paragraph (2) as clauses (i) and (ii), respectively, and by moving such clauses 2 ems to the right; (ii) by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively, and by moving such subparagraphs 2 ems to the right; (iii) by striking as the Secretary prescribes in subparagraph (B)(ii), as so redesignated, and all that follows through a simple retirement account and inserting “as the Secretary prescribes. (3) Simple retirement accounts In the case of a simple retirement account ; (iv) by striking Reports .—The trustee of and inserting “ Reports.— (1) In general The trustee of ; (v) by striking under paragraph (2) in paragraph (3), as redesignated by clause (iii), and inserting under paragraph (1)(B)