29 C.F.R. § 4041.48 — Sufficient plans; notice requirements.

(a) General rules— (1) Distribution. If a plan administrator receives a distribution notice from the PBGC pursuant to § 4041.45(c) and neither the plan administrator nor the PBGC makes the finding described in § 4041.47 (b) or (d), the plan administrator shall distribute plan assets in accordance with §§ 4041.6 and 4041.27(c) of this part no earlier than the 61st day and (except as provided in § 4041.8 or 4041.27 (e) or (f)) no later than the 180th day following the day on which the plan administrator completes the issuance of the notices of benefit distribution pursuant to § 4041.46(a), or, where applicable, within the time prescribed in part 4050 of this chapter. For purposes of applying § 4041.27(e)(1)(i), the phrase “the date that the plan administrator files the standard termination notice with the PBGC” shall be replaced by “the date that the plan administrator completes issuance of the notices of benefit distribution.”

(2) Notice of annuity contract. If any of the plan's benefit liabilities payable to a participant or beneficiary have been distributed through the purchase of irrevocable commitments, the plan administrator shall provide such participant or beneficiary with a notice, contract, or certificate in accordance with § 4041.27(g).

(b) Post-distribution certification. Within 30 days after the last distribution date, the plan administrator shall file with the PBGC a PBGC Form 602, Post-Distribution Certification for Distress Termination, that has been completed in accordance with the instructions thereto. This requirement shall be considered satisfied if, in accordance with § 4050.6 (a)(2) and (a)(3) of this chapter, the plan administrator files a preliminary post-distribution certification within 30 days after the last distribution date and, in addition, timely files an amended post-distribution certification that otherwise satisfies all applicable requirements.