Eligible rural electric cooperative plan
For purposes of this paragraph—
(i) In general
(i)In general#
The term “eligible rural electric cooperative plan” means a plan maintained by more than 1 employer, with respect to which at least 85 percent of the employers maintaining the plan are rural cooperatives described in clause (i) or (ii) of section 401(k)(7)(B) or are a national association of such a rural cooperative.
(ii)Election#
An employer maintaining an eligible rural cooperative plan may elect not to have subparagraph (A) apply to its employees.