; established and maintained by the Board, as trustee of such account. (b) Special rules (1) Eligibility (A) In general All qualified employees shall be eligible to participate in an American Savings Account. (B) Qualified employee For purposes of this subtitle— (i) In general The term qualified employee means an employee (other than an employee described in section 410(b)(3)(C) of the Internal Revenue Code of 1986) of an American employer if the employer does not provide the opportunity for the employee to participate in a defined contribution plan (within the meaning of section 414(i) of the Internal Revenue Code of 1986) maintained by the employer that satisfies the requirements of section 401(a) or 403(b) of the Internal Revenue Code of 1986. (ii) Exception for employees covered by collective bargaining agreements Such term shall not include any employee who is included in a group of employees covered by a collective bargaining agreement described in section 410(b)(3)(A) of such Code. (iii) American employer The term American employer has the meaning given such term by section 3121(h) of such Code. (2) Election to convert to Roth IRA Subject to the rules of section 408A(d)(3) of the Internal Revenue Code of 1986, an individual may elect at any time to convert all or a portion of the individual retirement account established for the individual under section 5002(c)(1)(A) to a Roth IRA (as defined in section 408A(b) of such Code). (3) Contributions (A) In general Subject to section 5022(b)(1), an individual may contribute to the American Savings Account Fund in any year, pursuant to an election under section 5002(b)(2), an amount not to exceed the limitation described in subparagraph (C). Contributions pursuant to such an election shall, with respect to each pay period for which such election remains in effect, be made in accordance with a program of regular contributions as prescribed by the Chair. (B) Eligible rollover distributions An individual may contribute to the American Savings Account Fund an eligible