; (2) any contribution to, or distribution from, the American Savings Account Fund shall be treated in the same manner as contributions to or distributions from such a trust; (3) contributions to the American Savings Account Fund shall not be treated as distributed or made available to a participant nor as a contribution made to the Fund by an individual merely because the individual has, under section 5022(b)(1)(C), made an election whether the contribution will be made to the American Savings Account Fund or received by the individual in cash; and (4) the rules of section 414(w) of such Code shall apply with respect to American Savings Accounts, except that paragraph (2)(B) thereof shall be applied by substituting the due date for the return of tax for the taxable year in which the first elective contribution is made with respect to the employee under the arrangement for the date which is 90 days after the date of the first elective contribution with respect to the employee under the arrangement . (b) Coordination with Social Security Act Subsection (a) shall not be construed to provide that any amount of the employee's compensation which is contributed to the American Savings Account Fund shall not be included in the term wages for the purposes of section 209 of the Social Security Act or section 3121(a) of the Internal Revenue Code of 1986. C American Savings Accounts 5021. American Savings Accounts (a) In general For purposes of this title, the term American Savings Account means— (1) an individual retirement account (as defined in section 408(a) of the Internal Revenue Code of 1986); and (2) in the case of an individual making the election under subsection (b)(2), a Roth IRA (as defined in section 408A(b) of such Code)