rule. Sec. 117. Expansion of Employee Plans Compliance Resolution System. Sec. 118. Enhancement of 403(b) plans. Sec. 119. Eligibility for participation in retirement plans. Sec. 120. Small immediate financial incentives for contributing to a plan. Sec. 121. Indexing IRA catch-up limit. Sec. 122. Higher catch-up limit to apply at age 60. TITLE II—Preservation of income Sec. 201. Qualifying longevity annuity contracts. Sec. 202. Remove required minimum distribution barriers for life annuities. Sec. 203. Eliminating a penalty on partial annuitization. Sec. 204. Insurance-dedicated exchange-traded funds. TITLE III—Simplification and clarification of retirement plan rules Sec. 301. Review and report to the Congress relating to reporting and disclosure requirements. Sec. 302. Consolidation of defined contribution plan notices. Sec. 303. Performance benchmarks for asset allocation funds. Sec. 304. Permit nonspousal beneficiaries to roll assets to plans. Sec. 305. Deferral agreements. Sec. 306. Simplifying 402(f) notices. Sec. 307. Guidance related to certain overpayment recoupment practices. Sec. 308. Treatment of custodial accounts on termination of section 403(b) plans. Sec. 309. Permit plans to use base pay or rate of pay calculation. Sec. 310. Roth SIMPLE IRAs. Sec. 311. Reduction in excise tax on certain accumulations in qualified retirement plans. Sec. 312. Clarification of catch-up contributions with respect to separate lines of business. Sec. 313. Clarification of substantially equal periodic payment rule. Sec. 314. Clarification of treatment of distributions of annuity contracts. Sec. 315. Clarification regarding elective deferrals. Sec. 316. Tax treatment of certain nontrade or business SEP contributions. Sec. 317. Allow certain plan transfers and mergers. Sec. 318. Exception from required distributions where aggregate retirement savings do not exceed $100,000. Sec. 319. Hardship rules for 403(b) plans. Sec. 320. IRA preservation. Sec. 321. Elimination of additional tax on certain distributions. TITLE