§ 4041.29 - Post-distribution certification.

§ 4041.29 Post-distribution certification.

Cross Reference

Link to an amendment published at 85 FR 6060, Feb. 4, 2020.

(a) Deadline. Filing requirement. The plan administrator must either -

(1) Within 30 days after the last distribution date for any affected party,

the plan administrator must

file with

the

PBGC a post-distribution certification

consisting of the PBGC Form 501,

(PBGC Form 501), completed in accordance with the instructions thereto; or

(2)

(i) Within 30 days after the last distribution date for any affected party, certify to PBGC, in the manner prescribed in the instructions to PBGC Form 501, that the plan assets have been distributed as required, and

(ii) Within 60 days after the last distribution date for any affected party, file a post-distribution certification (PBGC Form 501), completed in accordance with the instructions thereto.

(b) Assessment of penalties. The PBGC will assess a penalty for a late filing of a post-distribution certification only to the extent the certification under paragraph (a) of this section only if the required information is filed more than 90 days after the distribution deadline (including extensions) under § 4041.28(a).

[85 FR 6060, Feb. 4, 2020]