Reversing credit balance elections under IRC 430

[dmb]

Per HATFA guidance, section IV.A. an employer may reverse an election to reduce funding balance for the 2013 plan year under 1.430(f)-1(e) if the election was made by 9/30/14. It seems that 1(e) refers only to waiver of funding balances and not election to apply funding balances towards meeting the 2013 minimum funding requirement.

At least one summary published has indicated that this reversal would be available for elections to apply funding balances toward the funding requirement as well as waivers despite how the guidance reads.

Has anyone come across this issue yet? And if so, what was your interpretation and result? Thanks.