100 STAT. 2858
PUBLIC LAW 99-514—OCT. 22, 1986 "(3) For provisions relating to penalty for failure to comply with the provisions of subsection (d), see section 6704."
(3) The table of sections for subchapter B of chapter 68 is amended by striking out "section 6047(e)" in the item relating to section 6704 and inserting in lieu thereof "section 6047(d)". (f) Subsection (b) of section 4973 (defining excess contributions) is amended— (1) by striking out ", individual retirement annuities, or bonds" in the material preceding paragraph (1) and inserting in lieu thereof "or individual retirement annuities", (2) by striking out subparagraph (A) of paragraph (1) and inserting in lieu thereof the following: "(A) the amount contributed for the taxable year to the accounts or for the annuities (other than a rollover contribution described in section 402(a)(5), 402(a)(7), 403(a)(4), 403(b)(8), or 408(d)(3)), over", and (3) by striking out "or bonds" in paragraph (2)(C) thereof. CHAPTER 5—AMENDMENTS RELATED TO TITLE V OF THE ACT SEC. 1851. AMENDMENTS RELATED TO WELFARE BENEFIT PLAN PROVISIONS. (a) AMENDMENTS RELATED TO SECTION 511 OF THE ACT.— (1) TREATMENT OF PLANS FOR INDEPENDENT CONTRACTORS.—
Paragraph (1) of section 419(g) (relating to extension to plans for independent contractors) is amended by striking out "such a plan" and inserting in lieu thereof "such a relationship". (2) AMENDMENTS TO SECTION 4i9A(d).— (A) COORDINATION WITH SECTION 415.—Paragraph (2) of
section 419A(d) (relating to coordination with section 415) is amended by adding at the end thereof the following new sentence: "Subparagraph (B) of section 415(c)(l) shall not apply to any amount treated as an annual addition under the preceding sentence." (B) SEPARATE ACCOUNT REQUIREMENTS APPLY ONLY WHERE
THERE IS PRE-FUNDING.—Paragraph (1) of section 419A(d) is
amended by adding at the end thereof the following new sentence: "The requirements of this paragraph shall apply to the first taxable year for which a reserve is taken into account under subsection (c)(2) and to all subsequent taxable years." (3) CLARIFICATION OF SECTION 4i9A(e).—
(A) Subsection (e) of section 419A is amended to read as follows: "(e) SPECIAL LIMITATIONS ON RESERVES FOR MEDICAL BENEFITS OR LIFE INSURANCE BENEFITS PROVIDED TO RETIRED EMPLOYEES.— "(1) RESERVE MUST BE NONDISCRIMINATORY.—No reserve may
be taken into account under subsection (c)(2) for post-retirement medical benefits or life insurance benefits to be provided to covered employees unless the plan meets the requirements of section 505(b) with respect to such benefits (whether or not such requirements apply to such plan). The preceding sentence shall not apply to any plan maintained pursuant to an agreement between employee representatives and 1 or more employers if the Secretary finds that such agreement is a collective bargain-
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