### Question
How is the term applicable percentage defined?


### Answer
The term **applicable percentage** is defined in *29 U.S.C. § 1107* as the following:

> 50 percent, or such lower percentage as the Secretary may prescribe by regulation

#### Citation:
  - *29 U.S.C. § 1107*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 4-fiduciary responsibility**

