29 CFR 4044.3 - General rule.

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There are 4 Updates appearing in the Federal Register for 29 CFR 4044. View below or at eCFR (GPOAccess)
§ 4044.3 General rule.
(a) Asset allocation. Upon the termination of a single-employer plan, the plan administrator shall allocate the plan assets available to pay for benefits under the plan in the manner prescribed by this subpart. Plan assets available to pay for benefits include all plan assets (valued according to § 4044.41(b)) remaining after the subtraction of all liabilities, other than liabilities for future benefit payments, paid or payable from plan assets under the provisions of the plan. Liabilities include expenses, fees and other administrative costs, and benefit payments due before the allocation date. Except as provided in § 4044.4(b), an irrevocable commitment by an insurer to pay a benefit, which commitment is in effect on the date of the asset allocation, is not considered a plan asset, and a benefit payable under such a commitment is excluded from the allocation process.
(b) Allocation date. For plans that close out under § 4041.28 or § 4041.50, assets shall be allocated as of the date plan assets are to be distributed. For other plans, assets shall be allocated as of the termination date.
[61 FR 34059, July 1, 1996, as amended at 76 FR 34605, June 14, 2011]

Title 29 published on 2013-07-01

The following are only the Rules published in the Federal Register after the published date of Title 29.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2014-03-18; vol. 79 # 52 - Tuesday, March 18, 2014
    1. 79 FR 15009 - Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits
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      PENSION BENEFIT GUARANTY CORPORATION
      Final rule.
      Effective April 1, 2014.
      29 CFR Parts 4022 and 4044

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United States Code

Title 29 published on 2013-07-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 29 CFR 4044 after this date.

  • 2014-04-02; vol. 79 # 63 - Wednesday, April 2, 2014
    1. 79 FR 18483 - Title IV Treatment of Rollovers From Defined Contribution Plans To Defined Benefit Plans
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      PENSION BENEFIT GUARANTY CORPORATION
      Proposed rule.
      Comments must be submitted on or before June 2, 2014.
      29 CFR Parts 4001, 4022, and 4044