of subsection (a)— (1) In general (A) Determination The applicable percentage shall be determined as follows: In the case of an applicable employer with a low-wage employee ratio of: The applicable percentage is: 25% or less 25% Greater than 25% but not greater than 50% 50% Greater than 50%, but not greater than 75% 75% Greater than 75% 100%. (B) Low-wage employee ratio For purposes of subparagraph (A), the low-wage employee ratio with respect to any applicable employer is the ratio (expressed as a percentage) of— (i) the number of low-wage employees employed by the applicable employer during the calendar year, to (ii) the total number of individuals employed by the applicable employer during such calendar year. (2) Health and retirement offset (A) In general In the case of an applicable employer who meets the requirements of subparagraph (B), the applicable percentage shall be reduced (but not below zero) by 25 percentage points. (B) Requirements An applicable employer meets the requirements of this subparagraph if such applicable employer— (i) offers to all full-time low-wage employees (and their spouse and dependents) the opportunity to enroll for all months during the calendar year in minimum essential coverage under an eligible employer sponsored health plan (as defined in section 5000A(f)(2)) for which— (I) the plan's share of the allowed costs of benefits provided under the plan is not less than 60 percent of such costs, and (II) the required contribution (within the meaning of section 5000A(e)(1)(B)) of the employee does not exceed the applicable percentage of the annual wages paid to the employee by the applicable employer, and (ii) meets the retirement plan requirements of subsection (d) for all employees who are low-wage employees. For purposes of clause (i)(II), the applicable percentage is the percentage in effect under section 36B(c)(2)(B)(II) for the plan year. (d) Retirement plan requirements (1) In general The requirements of this subsection are met for any calendar year with respect to an