merely because the employer makes all payroll deduction contributions on behalf of all employees (or all employees who do not specify an individual retirement account, trustee, or issuer to receive the contributions) to individual retirement accounts specified in clause (ii). (ii) Individual retirement accounts other than those selected by employee (I) In general An employer may elect to have payroll deduction contributions for all employees participating in an automatic IRA arrangement made to individual retirement accounts of a trustee or issuer under the arrangement that has been designated by the employer, but only if the provider of such accounts, and the investments therein, are identified on the website established under subparagraph (G)(iii). (II) Notice Subclause (I) shall not apply unless each participant is notified in writing that the participant may direct the participant’s balance be transferred without cost or penalty to another individual retirement account established by or on behalf of the participant. Such notice shall be in paper form or, if the employee so elects, electronic form. (iii) Employers may permit employee to choose IRA If the employer so elects, the arrangement may provide for an employee election to have payroll deduction contributions made to any individual retirement account specified by the employee. (iv) Regulations The Secretary may issue such regulations as are necessary to carry out the purposes of this subparagraph, including establishment of procedures to assist employers and individuals in connecting with certified and available providers of individual retirement accounts and to communicate to individuals the importance of investment diversification. (G) Model notice, etc The Secretary shall— (i) provide a model notice, written in a manner calculated to be understandable to the average worker, that is simple to use— (I) to notify employees of the requirement under this section for the employer to provide certain employees with the opportunity to participate in an