§ 4206.10. Special rule for 70-percent decline partial withdrawals.
65 words·~1 min read·
/us/cfr/t29/s§ 4206.10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of applying the rules in §§ 4206.4 through 4206.9 in any case in which either the prior or subsequent partial withdrawal resulted from a 70-percent contribution decline (or a 35-percent decline in the case of certain retail food industry plans), the first year of the 3-year testing period shall be deemed to be the plan year in which the partial withdrawal occurred.