providing specifically for such program, (B) such program is implemented and administered by the State establishing the program, which is responsible for investing the employee savings or for selecting investment alternatives for employees to choose, (C) such program treats employees as having automatically elected payroll deductions in an amount or percentage of compensation, including any automatic increases in such amount or percentage, unless the employee specifically elects not to have such deductions made (or specifically elects to have the deductions made in a different amount or percentage of compensation allowed by the program), and provides that employees are given adequate advance notice of their right to make such elections, (D) contributions under such program are invested in individual retirement plans or qualifying retirement bonds, (E) such program generally requires participation by certain employers in the State which do not offer their employees certain types of tax-favored retirement plans or arrangements specified in the terms of the program, (F) under such program, employers do not make employer contributions, but are required to participate in activities including collection of employee contributions through payroll deduction and remittance of contributions to the program, maintenance of records regarding such collections and remittances, provision of notice to employees, and provision of information to the State necessary to facilitate the operation and administration of the program, (G) employers participating in the program receive no direct or indirect consideration for participation in the form of cash or otherwise, other than consideration (including tax credits or other tax or financial incentives) received directly from the State or from the Federal government, (H) under such program, the State assumes responsibility for the security of payroll deductions and employee savings, and (I) under such program, the State adopts measures to ensure that employees are notified of their