take into account the expected duration of the funds invested in such bonds and at rates determined or adjusted in a manner and with sufficient frequency to provide substantial protection from inflation, (ii) is not transferable, and (iii) is designed for investment for retirement under automatic IRA arrangements or other savings vehicles. (B) Individual retirement plan rules applicable The provisions of this title applicable to an individual retirement plan (as defined in section 7701(a)(37)), including provisions relating to contributions, holding and distributions, shall apply to a qualifying retirement bond, except as determined by the Secretary. (C) Annual statement As soon as practicable after the close of each calendar year, the Secretary shall make available an annual statement to each participant on behalf of whom qualifying retirement bonds have been purchased, setting forth— (i) payments made by or on behalf of the participant for such bonds during such calendar year, (ii) amounts earned by any such bonds, whether purchased during such year or during a prior year, during such calendar year, (iii) the value of the participant's account with respect to such bonds as of the close of such calendar year, (iv) the importance of diversifying retirement savings, (v) the benefits of a well-balanced and diversified investment portfolio, (vi) a notice of the internet website of the Department of Labor for sources of information on individual investing and diversification, (vii) the procedures for redeeming a qualifying retirement bond and directly transferring the redeemed amount into an individual retirement plan, (viii) other factors affecting retirement savings decisions, and (ix) such other information as the Secretary determines necessary or appropriate. (8) Treatment as Roth IRA A qualifying employee for whom an automatic IRA is established under paragraph (1) may elect, at such time and in such manner and form as the Secretary may prescribe but not later than the due date of the return for the taxable