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


### Answer
The term **applicable benchmarks** is defined in *26 U.S.C. § 432* as the following:

> the requirements applicable to the multiemployer plan under paragraph (3) (as modified by paragraph (5))

#### Citation:
  - *26 U.S.C. § 432*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART III-RULES RELATING TO MINIMUM FUNDING STANDARDS AND BENEFIT LIMITATIONS > Subpart A-Minimum Funding Standards for Pension Plans**

