; (iii) a statement of the amount of the investment management fees, administrative expenses, and any other fees or expenses paid with respect to each such investment fund and option; and (iv) a statement notifying participants as to how they may access the annual report described in paragraph (1), as well as any other information concerning American Savings Accounts that might be useful. If the fees and expenses described in clause (iii) exceed the fees charged to a similarly situated individual who contributes to the Thrift Savings Fund established under section 8437 of title 5, United States Code, the information required under the preceding sentence shall include a statement identifying the reason for such excess. (B) Time when sent Information under subparagraph (A) with respect to each participant shall be provided immediately upon payment of the participant's first contribution to the American Savings Account Fund and on a regular basis thereafter, in a manner designed to facilitate informed decisionmaking with respect to elections under subsection (b)(2). Nothing in this subparagraph shall be considered to limit the dissemination of information only to the times required under the preceding sentence. (C) Use of estimates For purposes of providing the information required under this paragraph, the Board may provide a reasonable and representative estimate of any fees or expenses described in subparagraph (A) and shall indicate any such estimate as being such an estimate. Any such estimate shall be based on the previous year’s experience. 5003. Fiduciary responsibilities; liability and penalties (a) Definitions For purposes of this section— (1) the term adequate consideration means— (A) in the case of a security for which there is a generally recognized market— (i) the price of the security prevailing on a national securities exchange which is registered under section 6 of the Securities Exchange Act of 1934