Code of Federal Regulations (Last Updated: October 10, 2024) |
Title 29 - Labor |
Subtitle B - Regulations Relating to Labor |
Chapter XL - Pension Benefit Guaranty Corporation |
SubChapter E - Plan Terminations |
Part 4041a - Termination of Multiemployer Plans |
Subpart D - Closeout of Sufficient Plans |
§ 4041A.42 - Method of distribution.
Latest version.
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§ 4041A.42 Method of distribution.
(a) In general. The plan sponsor shall distribute plan assets by purchasing from an insurer contracts to provide all benefits required by § 4041A.43 to be provided in annuity form and by paying in a lump sum (or other alternative elected by the participant) all other benefits.
(b) Missing participants and beneficiaries. The plan sponsor must distribute plan benefits of missing distributees in accordance with subpart D of part 4050 of this chapter.
[61 FR 34052, July 1, 1996, as amended at 82 FR 60818, Dec. 22, 2017]