### Question
Can you define what applicable percentage means?


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

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

#### Citation:
  - *29 U.S.C. § 1107*
  - Heading: **CHAPTER 17-COMPREHENSIVE EMPLOYMENT AND TRAINING PROGRAMS > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 4-fiduciary responsibility**

