; and (II) is well capitalized; or (ii) has obtained a waiver pursuant to subsection (c). (C) Plan administrator The term plan administrator has the meaning given the term administrator in section 3(16) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1002(16) ). (D) Well capitalized The term well capitalized has the meaning given the term in section 38(b)(1)(A). . (b) Interest rate restriction Section 29 of the Federal Deposit Insurance Act ( 12 U.S.C. 1831f ) is amended by striking subsection (e) and inserting the following: (e) Restriction on interest rate paid (1) Definitions In this subsection— (A) the terms custodial deposit , eligible institution , and well capitalized have the meanings given those terms, respectively, in subsection (j); and (B) the term covered insured depository institution means an insured depository institution that— (i) under subsection (c) or (d), accepts funds obtained, directly or indirectly, by or through a deposit broker, or (ii) while acting as an eligible institution under subsection (j), accepts custodial deposits while not well capitalized. (2) Prohibition A covered insured depository institution may not pay a rate of interest on funds that, under subsection (c) or (d), are obtained, directly or indirectly, by or through a deposit broker or on custodial deposits that are accepted while not well capitalized that, at the time the funds or custodial deposits are accepted, significantly exceeds the limit set forth in paragraph (3). (3) Limit on interest rates The limit on the rate of interest referred to in paragraph (2) shall be— (A) the rate paid on deposits of similar maturity in the normal market area of the covered insured depository institution for deposits accepted in the normal market area of the covered insured depository institution; or (B) the national rate paid on deposits of comparable maturity, as established by the Corporation, for deposits accepted outside the normal market area of the covered insured depository institution. .