29 U.S.C. § 1390 — Nonapplicability of withdrawal liability for certain temporary contribution obligation periods; exception

first had an obligation to contribute^* to the plan after September 26, 1980,

had an obligation to contribute to the plan for no more than the lesser of—

was required to make contributions to the plan for each such plan year^* in an amount equal to less than 2 percent of the sum of all employer contributions made to the plan for each such year, and

has never avoided withdrawal liability because of the application of this section with respect to the plan.

the plan is amended to provide that subsection (a) applies;

the plan provides, or is amended to provide, that the reduction under section 411(a)(3)(E) of title 26 applies with respect to the employees of the employer; and

the ratio of the assets of the plan for the plan year preceding the first plan year for which the employer was required to contribute to the plan to the benefit payments made during that plan year was at least 8 to 1.