Title 29

Volume 9 CHAPTER XL SUBCHAP E

Subchapter E - Plan Terminations

29:9.1.5.17.10PART 4041
PART 4041 - TERMINATION OF SINGLE-EMPLOYER PLANS
29:9.1.5.17.10.1SUBPART A
Subpart A - General Provisions
29:9.1.5.17.10.1.20.1SECTION 4041.1
     4041.1 Purpose and scope.
29:9.1.5.17.10.1.20.2SECTION 4041.2
     4041.2 Definitions.
29:9.1.5.17.10.1.20.3SECTION 4041.3
     4041.3 Computation of time; filing and issuance rules.
29:9.1.5.17.10.1.20.4SECTION 4041.4
     4041.4 Disaster relief.
29:9.1.5.17.10.1.20.5SECTION 4041.5
     4041.5 Record retention and availability.
29:9.1.5.17.10.1.20.6SECTION 4041.6
     4041.6 Effect of failure to provide required information.
29:9.1.5.17.10.1.20.7SECTION 4041.7
     4041.7 Challenges to plan termination under collective bargaining agreement.
29:9.1.5.17.10.1.20.8SECTION 4041.8
     4041.8 Post-termination amendments.
29:9.1.5.17.10.2SUBPART B
Subpart B - Standard Termination Process
29:9.1.5.17.10.2.20.1SECTION 4041.21
     4041.21 Requirements for a standard termination.
29:9.1.5.17.10.2.20.2SECTION 4041.22
     4041.22 Administration of plan during pendency of termination process.
29:9.1.5.17.10.2.20.3SECTION 4041.23
     4041.23 Notice of intent to terminate.
29:9.1.5.17.10.2.20.4SECTION 4041.24
     4041.24 Notices of plan benefits.
29:9.1.5.17.10.2.20.5SECTION 4041.25
     4041.25 Standard termination notice.
29:9.1.5.17.10.2.20.6SECTION 4041.26
     4041.26 PBGC review of standard termination notice.
29:9.1.5.17.10.2.20.7SECTION 4041.27
     4041.27 Notice of annuity information.
29:9.1.5.17.10.2.20.8SECTION 4041.28
     4041.28 Closeout of plan.
29:9.1.5.17.10.2.20.9SECTION 4041.29
     4041.29 Post-distribution certification.
29:9.1.5.17.10.2.20.10SECTION 4041.30
     4041.30 Requests for deadline extensions.
29:9.1.5.17.10.2.20.11SECTION 4041.31
     4041.31 Notice of noncompliance.
29:9.1.5.17.10.3SUBPART C
Subpart C - Distress Termination Process
29:9.1.5.17.10.3.20.1SECTION 4041.41
     4041.41 Requirements for a distress termination.
29:9.1.5.17.10.3.20.2SECTION 4041.42
     4041.42 Administration of plan during termination process.
29:9.1.5.17.10.3.20.3SECTION 4041.43
     4041.43 Notice of intent to terminate.
29:9.1.5.17.10.3.20.4SECTION 4041.44
     4041.44 PBGC review of notice of intent to terminate.
29:9.1.5.17.10.3.20.5SECTION 4041.45
     4041.45 Distress termination notice.
29:9.1.5.17.10.3.20.6SECTION 4041.46
     4041.46 PBGC determination of compliance with requirements for distress termination.
29:9.1.5.17.10.3.20.7SECTION 4041.47
     4041.47 PBGC determination of plan sufficiency/insufficiency.
29:9.1.5.17.10.3.20.8SECTION 4041.48
     4041.48 Sufficient plans; notice requirements.
29:9.1.5.17.10.3.20.9SECTION 4041.49
     4041.49 Verification of plan sufficiency prior to closeout.
29:9.1.5.17.10.3.20.10SECTION 4041.50
     4041.50 Closeout of plan.
29:9.1.5.17.10.3.20.11SECTION 4041.51
     4041.51 Disclosure of information by plan administrator in distress termination.
29:9.1.5.17.11PART 4041A
PART 4041A - TERMINATION OF MULTIEMPLOYER PLANS
29:9.1.5.17.11.1SUBPART A
Subpart A - General Provisions
29:9.1.5.17.11.1.20.1SECTION 4041A.1
     4041A.1 Purpose and scope.
29:9.1.5.17.11.1.20.2SECTION 4041A.2
     4041A.2 Definitions.
29:9.1.5.17.11.1.20.3SECTION 4041A.3
     4041A.3 Method and date of filing; where to file; computation of time; issuances to third parties.
29:9.1.5.17.11.2SUBPART B
Subpart B - Notice of Termination
29:9.1.5.17.11.2.20.1SECTION 4041A.11
     4041A.11 Requirement of notice.
29:9.1.5.17.11.2.20.2SECTION 4041A.12
     4041A.12 Contents of notice.
29:9.1.5.17.11.3SUBPART C
Subpart C - Plan Sponsor Duties
29:9.1.5.17.11.3.20.1SECTION 4041A.21
     4041A.21 General rule.
29:9.1.5.17.11.3.20.2SECTION 4041A.22
     4041A.22 Payment of benefits.
29:9.1.5.17.11.3.20.3SECTION 4041A.23
     4041A.23 Withdrawal liability.
29:9.1.5.17.11.3.20.4SECTION 4041A.24
     4041A.24 Plan valuations and monitoring.
29:9.1.5.17.11.3.20.5SECTION 4041A.25
     4041A.25 Periodic determinations of plan solvency.
29:9.1.5.17.11.3.20.6SECTION 4041A.26
     4041A.26 Financial assistance.
29:9.1.5.17.11.3.20.7SECTION 4041A.27
     4041A.27 PBGC approval to pay benefits not otherwise permitted.
29:9.1.5.17.11.4SUBPART D
Subpart D - Closeout of Sufficient Plans
29:9.1.5.17.11.4.20.1SECTION 4041A.41
     4041A.41 General rule.
29:9.1.5.17.11.4.20.2SECTION 4041A.42
     4041A.42 Method of distribution.
29:9.1.5.17.11.4.20.3SECTION 4041A.43
     4041A.43 Benefit forms.
29:9.1.5.17.11.4.20.4SECTION 4041A.44
     4041A.44 Cessation of withdrawal liability.
29:9.1.5.17.12PART 4042
PART 4042 - SINGLE-EMPLOYER PLAN TERMINATION INITIATED BY PBGC
29:9.1.5.17.12.1SUBPART A
Subpart A - General Provisions
29:9.1.5.17.12.1.20.1SECTION 4042.1
     4042.1 Purpose and scope.
29:9.1.5.17.12.1.20.2SECTION 4042.2
     4042.2 Definitions.
29:9.1.5.17.12.1.20.3SECTION 4042.3
     4042.3 Issuance rules.
29:9.1.5.17.12.2SUBPART B
Subpart B [Reserved]
29:9.1.5.17.12.3SUBPART C
Subpart C - Disclosure
29:9.1.5.17.12.3.20.1SECTION 4042.4
     4042.4 Disclosure of information by plan administrator or plan sponsor.
29:9.1.5.17.12.3.20.2SECTION 4042.5
     4042.5 Disclosure of administrative record by PBGC.
29:9.1.5.17.13PART 4043
PART 4043 - REPORTABLE EVENTS AND CERTAIN OTHER NOTIFICATION REQUIREMENTS
29:9.1.5.17.13.1SUBPART A
Subpart A - General Provisions
29:9.1.5.17.13.1.20.1SECTION 4043.1
     4043.1 Purpose and scope.
29:9.1.5.17.13.1.20.2SECTION 4043.2
     4043.2 Definitions.
29:9.1.5.17.13.1.20.3SECTION 4043.3
     4043.3 Requirement of notice.
29:9.1.5.17.13.1.20.4SECTION 4043.4
     4043.4 Waivers and extensions.
29:9.1.5.17.13.1.20.5SECTION 4043.5
     4043.5 How and where to file.
29:9.1.5.17.13.1.20.6SECTION 4043.6
     4043.6 Date of filing.
29:9.1.5.17.13.1.20.7SECTION 4043.7
     4043.7 Computation of time.
29:9.1.5.17.13.1.20.8SECTION 4043.8
     4043.8 Confidentiality.
29:9.1.5.17.13.1.20.9SECTION 4043.9
     4043.9 Company low-default-risk safe harbor.
29:9.1.5.17.13.1.20.10SECTION 4043.10
     4043.10 Well-funded plan safe harbor.
29:9.1.5.17.13.2SUBPART B
Subpart B - Post-Event Notice of Reportable Events
29:9.1.5.17.13.2.20.1SECTION 4043.20
     4043.20 Post-event filing obligation.
29:9.1.5.17.13.2.20.2SECTION 4043.21
     4043.21 Tax disqualification and Title I noncompliance.
29:9.1.5.17.13.2.20.3SECTION 4043.22
     4043.22 Amendment decreasing benefits payable.
29:9.1.5.17.13.2.20.4SECTION 4043.23
     4043.23 Active participant reduction.
29:9.1.5.17.13.2.20.5SECTION 4043.24
     4043.24 Termination or partial termination.
29:9.1.5.17.13.2.20.6SECTION 4043.25
     4043.25 Failure to make required minimum funding payment.
29:9.1.5.17.13.2.20.7SECTION 4043.26
     4043.26 Inability to pay benefits when due.
29:9.1.5.17.13.2.20.8SECTION 4043.27
     4043.27 Distribution to a substantial owner.
29:9.1.5.17.13.2.20.9SECTION 4043.28
     4043.28 Plan merger, consolidation or transfer.
29:9.1.5.17.13.2.20.10SECTION 4043.29
     4043.29 Change in controlled group.
29:9.1.5.17.13.2.20.11SECTION 4043.30
     4043.30 Liquidation.
29:9.1.5.17.13.2.20.12SECTION 4043.31
     4043.31 Extraordinary dividend or stock redemption.
29:9.1.5.17.13.2.20.13SECTION 4043.32
     4043.32 Transfer of benefit liabilities.
29:9.1.5.17.13.2.20.14SECTION 4043.33
     4043.33 Application for minimum funding waiver.
29:9.1.5.17.13.2.20.15SECTION 4043.34
     4043.34 Loan default.
29:9.1.5.17.13.2.20.16SECTION 4043.35
     4043.35 Insolvency or similar settlement.
29:9.1.5.17.13.3SUBPART C
Subpart C - Advance Notice of Reportable Events
29:9.1.5.17.13.3.20.1SECTION 4043.61
     4043.61 Advance reporting filing obligation.
29:9.1.5.17.13.3.20.2SECTION 4043.62
     4043.62 Change in contributing sponsor or controlled group.
29:9.1.5.17.13.3.20.3SECTION 4043.63
     4043.63 Liquidation.
29:9.1.5.17.13.3.20.4SECTION 4043.64
     4043.64 Extraordinary dividend or stock redemption.
29:9.1.5.17.13.3.20.5SECTION 4043.65
     4043.65 Transfer of benefit liabilities.
29:9.1.5.17.13.3.20.6SECTION 4043.66
     4043.66 Application for minimum funding waiver.
29:9.1.5.17.13.3.20.7SECTION 4043.67
     4043.67 Loan default.
29:9.1.5.17.13.3.20.8SECTION 4043.68
     4043.68 Insolvency or similar settlement.
29:9.1.5.17.13.4SUBPART D
Subpart D - Notice of Failure To Make Required Contributions
29:9.1.5.17.13.4.20.1SECTION 4043.81
     4043.81 PBGC Form 200, notice of failure to make required contributions; supplementary information.
29:9.1.5.17.14PART 4044
PART 4044 - ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS
29:9.1.5.17.14.1SUBPART A
Subpart A - Allocation of Assets
29:9.1.5.17.14.1.27SUBJGRP 27
  General Provisions
29:9.1.5.17.14.1.27.1SECTION 4044.1
     4044.1 Purpose and scope.
29:9.1.5.17.14.1.27.2SECTION 4044.2
     4044.2 Definitions.
29:9.1.5.17.14.1.27.3SECTION 4044.3
     4044.3 General rule.
29:9.1.5.17.14.1.27.4SECTION 4044.4
     4044.4 Violations.
29:9.1.5.17.14.1.28SUBJGRP 28
  Allocation of Assets To Benefit Categories
29:9.1.5.17.14.1.28.5SECTION 4044.10
     4044.10 Manner of allocation.
29:9.1.5.17.14.1.28.6SECTION 4044.11
     4044.11 Priority category 1 benefits.
29:9.1.5.17.14.1.28.7SECTION 4044.12
     4044.12 Priority category 2 benefits.
29:9.1.5.17.14.1.28.8SECTION 4044.13
     4044.13 Priority category 3 benefits.
29:9.1.5.17.14.1.28.9SECTION 4044.14
     4044.14 Priority category 4 benefits.
29:9.1.5.17.14.1.28.10SECTION 4044.15
     4044.15 Priority category 5 benefits.
29:9.1.5.17.14.1.28.11SECTION 4044.16
     4044.16 Priority category 6 benefits.
29:9.1.5.17.14.1.28.12SECTION 4044.17
     4044.17 Subclasses.
29:9.1.5.17.14.1.29SUBJGRP 29
  Allocation of Residual Assets
29:9.1.5.17.14.1.29.13SECTION 4044.30
     4044.30 [Reserved]
29:9.1.5.17.14.2SUBPART B
Subpart B - Valuation of Benefits and Assets
29:9.1.5.17.14.2.30SUBJGRP 30
  General Provisions
29:9.1.5.17.14.2.30.1SECTION 4044.41
     4044.41 General valuation rules.
29:9.1.5.17.14.2.31SUBJGRP 31
  Trusteed Plans
29:9.1.5.17.14.2.31.2SECTION 4044.51
     4044.51 Benefits to be valued.
29:9.1.5.17.14.2.31.3SECTION 4044.52
     4044.52 Valuation of benefits.
29:9.1.5.17.14.2.31.4SECTION 4044.53
     4044.53 Mortality assumptions.
29:9.1.5.17.14.2.31.5SECTION 4044.54
     4044.54 [Reserved]
29:9.1.5.17.14.2.32SUBJGRP 32
  Expected Retirement Age
29:9.1.5.17.14.2.32.6SECTION 4044.55
     4044.55 XRA when a participant must retire to receive a benefit.
29:9.1.5.17.14.2.32.7SECTION 4044.56
     4044.56 XRA when a participant need not retire to receive a benefit.
29:9.1.5.17.14.2.32.8SECTION 4044.57
     4044.57 Special rule for facility closing.
29:9.1.5.17.14.2.33SUBJGRP 33
  Non-Trusteed Plans
29:9.1.5.17.14.2.33.9SECTION 4044.71
     4044.71 Valuation of annuity benefits.
29:9.1.5.17.14.2.33.10SECTION 4044.72
     4044.72 Form of annuity to be valued.
29:9.1.5.17.14.2.33.11SECTION 4044.73
     4044.73 Lump sums and other alternative forms of distribution in lieu of annuities.
29:9.1.5.17.14.2.33.12SECTION 4044.74
     4044.74 Withdrawal of employee contributions.
29:9.1.5.17.14.2.33.13SECTION 4044.75
     4044.75 Other lump sum benefits.
29:9.1.5.17.14.2.34.14.9APPENDIX Appendix A
  Appendix A to Part 4044 - Mortality Rate Tables
29:9.1.5.17.14.2.34.14.10APPENDIX Appendix B
  Appendix B to Part 4044 - Interest Rates Used To Value Benefits
29:9.1.5.17.14.2.34.14.11APPENDIX Appendix C
  Appendix C to Part 4044 - Loading Assumptions
29:9.1.5.17.14.2.34.14.12APPENDIX Appendix D
  Appendix D to Part 4044 - Tables Used To Determine Expected Retirement Age
29:9.1.5.17.15PART 4047
PART 4047 - RESTORATION OF TERMINATING AND TERMINATED PLANS
29:9.1.5.17.15.0.34.1SECTION 4047.1
     4047.1 Purpose and scope.
29:9.1.5.17.15.0.34.2SECTION 4047.2
     4047.2 Definitions.
29:9.1.5.17.15.0.34.3SECTION 4047.3
     4047.3 Funding of restored plan.
29:9.1.5.17.15.0.34.4SECTION 4047.4
     4047.4 Payment of premiums.
29:9.1.5.17.15.0.34.5SECTION 4047.5
     4047.5 Repayment of PBGC payments of guaranteed benefits.
29:9.1.5.17.16PART 4050
PART 4050 - MISSING PARTICIPANTS
29:9.1.5.17.16.1SUBPART A
Subpart A - Single-Employer Plans Covered by Title IV
29:9.1.5.17.16.1.34.1SECTION 4050.101
     4050.101 Purpose and scope.
29:9.1.5.17.16.1.34.2SECTION 4050.102
     4050.102 Definitions.
29:9.1.5.17.16.1.34.3SECTION 4050.103
     4050.103 Duties of plan administrator.
29:9.1.5.17.16.1.34.4SECTION 4050.104
     4050.104 Diligent search.
29:9.1.5.17.16.1.34.5SECTION 4050.105
     4050.105 Filing with PBGC.
29:9.1.5.17.16.1.34.6SECTION 4050.106
     4050.106 Missing participant benefits.
29:9.1.5.17.16.1.34.7SECTION 4050.107
     4050.107 PBGC discretion.
29:9.1.5.17.16.2SUBPART B
Subpart B - Defined Contribution Plans
29:9.1.5.17.16.2.34.1SECTION 4050.201
     4050.201 Purpose and scope.
29:9.1.5.17.16.2.34.2SECTION 4050.202
     4050.202 Definitions.
29:9.1.5.17.16.2.34.3SECTION 4050.203
     4050.203 Options and duties of plan.
29:9.1.5.17.16.2.34.4SECTION 4050.204
     4050.204 Diligent search.
29:9.1.5.17.16.2.34.5SECTION 4050.205
     4050.205 Filing with PBGC.
29:9.1.5.17.16.2.34.6SECTION 4050.206
     4050.206 Missing participant benefits.
29:9.1.5.17.16.2.34.7SECTION 4050.207
     4050.207 PBGC discretion.
29:9.1.5.17.16.3SUBPART C
Subpart C - Certain Defined Benefit Plans Not Covered by Title IV
29:9.1.5.17.16.3.34.1SECTION 4050.301
     4050.301 Purpose and scope.
29:9.1.5.17.16.3.34.2SECTION 4050.302
     4050.302 Definitions.
29:9.1.5.17.16.3.34.3SECTION 4050.303
     4050.303 Options and duties of plan administrator.
29:9.1.5.17.16.3.34.4SECTION 4050.304
     4050.304 Diligent search.
29:9.1.5.17.16.3.34.5SECTION 4050.305
     4050.305 Filing with PBGC.
29:9.1.5.17.16.3.34.6SECTION 4050.306
     4050.306 Missing participant benefits.
29:9.1.5.17.16.3.34.7SECTION 4050.307
     4050.307 PBGC discretion.
29:9.1.5.17.16.4SUBPART D
Subpart D - Multiemployer Plans Covered by Title IV
29:9.1.5.17.16.4.34.1SECTION 4050.401
     4050.401 Purpose and scope.
29:9.1.5.17.16.4.34.2SECTION 4050.402
     4050.402 Definitions.
29:9.1.5.17.16.4.34.3SECTION 4050.403
     4050.403 Duties of plan sponsor.
29:9.1.5.17.16.4.34.4SECTION 4050.404
     4050.404 Diligent search.
29:9.1.5.17.16.4.34.5SECTION 4050.405
     4050.405 Filing with PBGC.
29:9.1.5.17.16.4.34.6SECTION 4050.406
     4050.406 Missing participant benefits.
29:9.1.5.17.16.4.34.7SECTION 4050.407
     4050.407 PBGC discretion.