Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 29 - Labor |
Subtitle B - Regulations Relating to Labor |
Chapter XL - Pension Benefit Guaranty Corporation |
SubChapter E - Plan Terminations |
Part 4043 - Reportable Events and Certain Other Notification Requirements |
Subpart C - Advance Notice of Reportable Events |
§ 4043.64 - Extraordinary dividend or stock redemption.
Latest version.
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§ 4043.64 Extraordinary dividend or stock redemption.
(a) Reportable event. Advance notice is required for a distribution by a member of a plan's controlled group, as described in § 4043.31(a).
(b) Waiver - de minimis 5-percent segment. Notice under this section is waived if the person making the distribution is a de minimis 5-percent segment of the plan's controlled group for the most recent fiscal year(s) ending on or before the effective date of the reportable event.