average number
Defined in 2 places across 2 titles — 1 distinct definitions of the United States Code.
The term “average number” means, with respect to pay status participants for a plan year, a number equal to one-half the sum of—
(A) the number with respect to the plan as of the beginning of the plan year, and
(B) the number with respect to the plan as of the end of the plan year.
Same definition in 2 sections
- 1994–present26 U.S.C. § 418CInternal Revenue Code · Overburden credit against minimum contribution requirement · for purposes of this section
- 1994–present29 U.S.C. § 1424Labor · Overburden credit against minimum contribution requirement · for purposes of this section