shall furnish a copy of such return to such designated beneficiary. (3) Application to individual retirement plans and annuities In the case of an eligible retirement plan described in clause (i) or (ii) of section 402(c)(8)(B)— (A) any reference in this subsection to the plan administrator shall be treated as a reference to the trustee or issuer, as the case may be, and (B) any reference in this subsection to the participant shall be treated as a reference to the individual for whom such account or annuity is maintained. . (2) Effective date The amendments made by this subsection shall apply to calendar years beginning after December 31, 2020, with respect to designated beneficiaries of participants whose date of death is after December 31, 2019. 502. Increase in penalty for failure to file (a) In general The second sentence of subsection (a) of section 6651 of the Internal Revenue Code of 1986 is amended by striking $205 and inserting $400 . (b) Adjustment for inflation Paragraph (1) of section 6651(j) of the Internal Revenue Code of 1986 is amended— (1) by striking $205 and inserting $400 , (2) by striking 2014 and inserting 2020 , and (3) by striking calendar year 2013 and inserting calendar year 2019 . (c) Effective date The amendment made by this section shall apply to returns the due date for which (including extensions) is after December 31, 2019. 503. Increased penalties for failure to file retirement plan returns (a) In general Subsection (e) of section 6652 of the Internal Revenue Code of 1986 is amended— (1) by striking $25 and inserting $100 , and (2) by striking $15,000 and inserting $50,000 . (b) Annual registration statement and notification of changes Subsection (d) of section 6652 of the Internal Revenue Code of 1986 is amended— (1) by striking $1 both places it appears in paragraphs (1) and (2) and inserting $2 , (2) by striking $5,000 in paragraph (1) and inserting $10,000 , and (3) by striking $1,000 in paragraph (2) and inserting $5,000 . (c) Failure To provide notice Subsection (h) of