one-participant retirement plan

(iv)For purposes of clause (iii), the term “one-participant retirement plan” means a retirement plan that on the first day of the plan year— (I)covered only one individual (or the individual and the individual’s spouse) and the individual (or the individual and the individual’s spouse) owned 100 percent of the plan sponsor (whether or not incorporated), or (II)covered only one or more partners (or partners and their spouses) in the plan sponsor. (F) (i)Except as provided in regulations or in clause (ii), a plan holding employer securities which are not publicly traded employer securities shall be treated as holding publicly traded employer securities if any employer corporation, or any member of a controlled group of corporations which includes such employer corporation, has issued a class of stock which is a publicly traded employer security. (ii)Clause (i) shall not apply to a plan if— (I)no employer corporation, or parent corporation of an employer corporation, has issued any publicly traded employer security, and (II)no employer corporation, or parent corporation of an employer corporation, has issued any special class of stock which grants particular rights to, or bears particular risks for, the holder or issuer with respect to any corporation described in clause (i) which has issued any publicly traded employer security. (iii)For purposes of this subparagraph, the term— (I)“controlled group of corporations” has the meaning given such term by section 1563(a), except that “50 percent” shall be substituted for “80 percent” each place it appears,

Source

26 USC § 401(a)(35)(E)(iv)


Scoping language

For purposes of this paragraph
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