In the case of an applicable employer plan—
(I)#
which is maintained by an eligible employer described in section 408(p)(2)(E)(i)(I), or
(II)#
to which an election under section 408(p)(2)(E)(i)(II) applies for the year (including a plan described in section 401(k)(11) which is maintained by an eligible employer described in section 408(p)(2)(E)(i)(II) and to which such election applies by reason of subparagraphs (B)(i)(I) and (E) of section 401(k)(11)),