a process, for determining whether a loan shall be taken into account under clause (i)(I). (5) Eligible individual For purposes of this subsection— (A) In general The term eligible individual means a child who has not attained age 18 and is a citizen of the United States. (B) Treatment as designated beneficiary The rules of subsections (a) through (e) shall be applied (except as otherwise provided in this subsection) by treating the eligible individual on whose behalf a 401Kids Savings Account under a 401Kids Account Program is established as the designated beneficiary with respect to such account. (6) State For purposes of this subsection, the term State includes the District of Columbia, any possession of the United States, and any Indian tribe (as defined in section 45A(c)(6)). (7) Accounts may not be assigned An account established on behalf of an individual under a 401Kids Account Program may not be pledged or assigned to any other person. (8) Third-party contractors A State may contract with a third party for purposes of administration of a 401Kids Account Program, including record keeping and account investment. (9) Account management (A) In general Except as provided in subparagraph (B)— (i) the eligible individual on whose behalf a 401Kids Savings Account under a 401Kids Account Program is established, after the date the individual attains age 18, shall have sole discretion over the distribution of amounts in the account, and (ii) in the case of an account not owned and controlled by a State, such eligible individual, after the date the individual attains age 18, and the parent or guardian of such individual before such date, may exercise control over the investment of account assets other than amounts attributable to deposits under paragraph (4) or (5) of section 3(b) of the 401Kids Savings Account Act of 2024 (including any gain or loss attributable thereto). (B) Death of account beneficiary In the event the individual on whose behalf a 401Kids Savings Account under a 401Kids Account Program is