(B), (C), (D), and (E), and no other investment options. (B) Target date/lifecycle option The class of assets or funds described in this clause is the class of assets or funds that constitutes an investment fund product or model portfolio described in Department of Labor regulation section 2550.404c–5(e)(4)(i). (C) Principal preservation The class of assets or funds described in this clause is the class of assets or funds that is designed to protect the principal of the individual on an ongoing basis. (D) Balanced option The class of assets or funds described in this clause is the class of assets or funds that constitutes a qualified default investment alternative under Department of Labor regulation section 2550.404c–5(e)(4)(ii). (E) Other Any other class of assets or funds determined by the Secretary to be a qualified investment for purposes of this section. (6) Fee requirements In the case of any plan or arrangement not otherwise subject to title I of the Employee Retirement Income Security Act of 1974, under the fee requirements of this paragraph, no participant, beneficiary, employer, individual retirement account, plan, or arrangement may be charged unreasonable fees or expenses. (7) Lifetime income requirements (A) In general Except in the case of a plan maintained by an eligible employer (as defined in section 408(p)(2)(C)(i)), a plan or arrangement shall be treated as meeting the lifetime income requirement described in this paragraph if the plan or arrangement permits participants to elect to receive at least 50 percent of their vested account balance in a form of distribution described in section 401(a)(38)(B)(iii). (B) Exception (i) In general This paragraph shall not apply with respect to any participant whose vested account balance is $200,000 or less at the time of distribution. (ii) Not treated as discriminatory in favor of highly compensated employees A plan shall not be treated as failing to meet the requirements of section 401(a)(4) solely by reason of applying the exception of clause (i) to