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Section 3. Conditions for Waiver
Internal Revenue Bulletin 2000-11 · 2026-10-03 edition · updated 2026-10-04 · United States
The tax imposed on an employer under § 4971(b) for failure to meet the minimum funding standards with respect to a defined benefit plan is waived for all applicable years, if the four conditions enumerated below are satisfied:
.01 The plan is subject to Title IV of ERISA and is terminated in a standard termination under section 4041 of ERISA.
.02 Plan participants are not entitled to any portion of residual assets remaining after all liabilities of the plan to participants and their beneficiaries have been satisfied.
March 13, 2000 766 2000–11 I.R.B.
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