Simplification of auditing for pooled employer plans

(a) In general Section 3(43) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1002(43)), as amended by section 2 of this Act, is further amended by adding at the end the following: (F) Audit requirement Any opinion required by section 103(a)(3) with respect to a pooled employer plan shall relate only to the portions of such a plan attributable to a participating employer for which such an opinion would be required if the participating employer maintained such portion as a single-employer plan separate from the pooled employer plan.. (b) Effective date The amendment made by this section shall apply to plan years beginning after the date of enactment of this Act.