§ 4211.3 - Special rules for construction industry and Code section 404(c) plans.

§ 4211.3 Special rules for construction industry and IRC Code section 404(c) plans.

Cross Reference

Link to an amendment published at 86 FR 1271, Jan. 8, 2021.

(a) Construction plans. Except as provided in §§ 4211.11(b) and 4211.21(b), a A plan that primarily covers employees in the building and construction industry shall must use the presumptive method for allocating unfunded vested benefits, except as provided in §§ 4211.11(b)

Section

and 4211.21(b).

(b) Code section 404(c) plans. A plan described in section 404(c) of the Code or a continuation of such a plan shall allocate unfunded vested benefits under must use the rolling-5 method for allocating unfunded vested benefits unless the plan sponsor, by amendment, adopts an alternative method or modification.

[86 FR 1271, Jan. 8, 2021]