; and (iv) notify the eligible employer reasonably in advance of the obligations of both the employer and the pooled plan provider under the pooled employer plan; (B) submits all key plan information requested by the Secretary under paragraph (5); (C) would not be precluded for any other reason from acting as a fiduciary of the plan under this title; and (D) either— (i) has fiduciary liability insurance with a per-claim limit which is at least— (I) the greater of 5 percent of plan assets or $1,000,000; or (II) such other amount as is determined by the Secretary by regulation; or (ii) is— (I) a bank, as defined in section 202(a)(2) of the Investment Advisers Act of 1940, that has the power to manage, acquire, or dispose of assets of a plan, and that has, as of the last day of its most recent fiscal year, equity capital in excess of $1,000,000; (II) a savings and loan association, the accounts of which are insured by the Federal Savings and Loan Insurance Corporation, that has made application for and been granted trust powers to manage, acquire, or dispose of assets of any plan by a State or Federal authority having supervision over savings and loan associations, and that has, as of the last day of its most recent fiscal year, equity capital or net worth in excess of $1,000,000; (III) an insurance company subject to supervision and examination by a State authority having supervision over insurance companies that is qualified under the laws of more than 1 State to manage, acquire, or dispose of assets of a plan, and that has, as of the last day of its most recent fiscal year, net worth in excess of $1,000,000