by inserting after paragraph (6) the following new paragraph: (7) an applicable retirement plan (within the meaning of section 409B(c)(3)), . (2) Excess contributions to applicable retirement plans Section 4973 of such Code is amended by adding at the end the following new subsection: (i) Excess contributions to applicable retirement plans For purposes of this section, in the case of applicable retirement plans (within the meaning of section 409B(c)(3)), the term excess contributions means, with respect to any taxable year, the sum of— (1) the excess of the applicable annual additions (within the meaning of section 409B(c)(1)) to such plans over the limitation under section 409B(a) for such taxable year, and (2) the lesser of— (A) the amount determined under this subsection for the preceding taxable year, reduced by the aggregate distributions from such plans for the taxable year (including distributions required under section 4974(e)) to the extent not contributed in a rollover contribution to another eligible retirement plan in accordance with section 402(c), 403(b)(8), 457(e)(16), 408(d)(3), or 408A(d)(3), or (B) the amount (if any) by which the amount determined under section 409B(a)(2) for the taxable year exceeds the applicable dollar amount under section 409B(c)(2) for the taxable year. . (3) Conforming amendments Subsection (a) of section 4973 of such Code is amended— (A) by striking accounts or annuities and inserting accounts, annuities, or plans , and (B) by striking account or annuity and inserting account, annuity, or plan . (c) Increase in minimum required distributions (1) In general Section 4974 of the Internal Revenue Code of 1986 is amended by adding at the end the following: (e) Increase in minimum required distributions for payees with large aggregate account balances (1) In general If this subsection applies to a payee for any taxable year— (A) all qualified retirement plans and eligible deferred compensation plans of the payee which are applicable retirement plans taken into account in