Brief Case
Pension Resource

29 C.F.R. § 4043.30

Liquidation.
CFR 2015 annual edition (revised as of 2015-07-01) · superseded Jul 1, 2016
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(a) Reportable event. A reportable event occurs for a plan when a member of the plan's controlled group—
(1) Is involved in any transaction to implement its complete liquidation (including liquidation into another controlled group member);
(2) Institutes or has instituted against it a proceeding to be dissolved or is dissolved, whichever occurs first; or
(3) Liquidates in a case under the Bankruptcy Code, or under any similar law.
(b) Initial information required. In addition to the information in § 4043.3(b), the notice shall include—
(1) The name of each member of the plan's controlled group before and after the liquidation and its ownership relationship to other members of that controlled group; and
(2) For each other plan maintained by any member of the plan's controlled group, identification of the plan and its contributing sponsor(s) by name and EIN/PN or EIN, as appropriate.
(c) Waivers
(1) De minimis 10-percent segment. Notice is waived if—
(i) The person or persons that liquidate represent a de minimis 10-percent segment of the plan's controlled group for the most recent fiscal year(s) ending on or before the date the reportable event occurs; and
(ii) Each plan that was maintained by the liquidating member is maintained by another member of the plan's controlled group after the liquidation.
(2) Foreign entity. Notice is waived if each person that liquidates is a foreign entity other than a foreign parent.
(3) Plan funding. Notice is waived if each plan that was maintained by the liquidating member is maintained by another member of the plan's controlled group after the liquidation and—
(i) No variable rate premium. No variable rate premium is required to be paid for the plan for the event year;
(ii) $1 million unfunded vested benefits. As of the testing date for the event year, the plan has less than $1 million in unfunded vested benefits; or
(iii) No unfunded vested benefits. As of the testing date for the event year, the plan would have no unfunded vested benefits if unfunded vested benefits were determined in accordance with the assumptions and methodology in § 4010.4(b)(2) of this chapter.
(4) Public company/80-percent funded. Notice is waived if—
(i) The plan's contributing sponsor is a public company;
(ii) As of the testing date for the event year, the fair market value of the plan's assets is at least 80 percent of the plan's vested benefits amount; and
(iii) Each plan that was maintained by the liquidating member is maintained by another member of the plan's controlled group after the liquidation.
(d) Extensions. The notice date is extended to the latest of—
(1) Form 1 extension. 30 days after the plan's variable rate premium filing due date for the event year if a waiver under any of paragraphs (c)(3)(i) through (c)(3)(iii) or (c)(4) of this section would apply if “the plan year preceding the event year” were substituted for “the event year”;
(2) Foreign parent and foreign-linked entity. 30 days after the plan's first Form 5500 due date after the person required to notify the PBGC has actual knowledge of the transaction and of the controlled group relationship, if the person liquidating is a foreign parent or foreign-linked entity; and
(3) Press releases; Forms 100. If the plan's contributing sponsor is a public company, 30 days after the earlier of—
(i) The first Form 10Q filing deadline that occurs after the transaction; or
(ii) The date (if any) when a press release with respect to the transaction is issued.
29 C.F.R. § 4043.30 — Liquidation. · CFR 2015 annual edition (revised as of 2015-07-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4043.30&asof=2006-07-01 · printed Oct 16, 2026
On this page
  • (a) Reportable event.
  • (b) Initial information required.
  • (c) Waivers
  • (d) Extensions.
Implements
ERISA § 4043 (29 U.S.C. § 1343) Reportable events
Cited by (code & regs)
Guidance addressing this section
PBGC
Proposed Rules
  • 84 FR 30666Proposed Jun 27, 2019 — Miscellaneous Corrections, Clarifications, and Improvements Comments due Aug 26, 2019 (a)(1)(c)
Also cited in 3 other documents
PBGC
Final Rules
  • 85 FR 6046 Feb 4, 2020 — Miscellaneous Corrections, Clarifications, and Improvements (a)(1)(c)
  • 80 FR 54980 Sep 11, 2015 — Reportable Events and Certain Other Notification Requirements
Proposed Rules
  • 78 FR 20039Proposed Apr 3, 2013 — Reportable Events and Certain Other Notification Requirements Comments due Jun 3, 2013

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Each row is a version of the text as published by the official source. Code dates are the edition/release point that first reflected the change; regulation dates are eCFR effective dates. The library checks the official sources automatically, so new versions appear here on their own; “run” opens the sync that recorded a version.

EffectiveThroughSourceAmended by
Jul 1, 1997Jun 30, 2006CFR 2005 annual edition (revised as of 2005-07-01) run 127View
Jul 1, 2006Jun 30, 2016CFR 2015 annual edition (revised as of 2015-07-01) run 127View · Redline (sign in)
Jul 1, 2016Dec 31, 2016CFR 2016 annual edition (revised as of 2016-07-01) run 127View · Redline (sign in)
Jan 1, 2017Feb 3, 2020eCFR amendment effective 2017-01-01 run 26View · Redline (sign in)
Feb 4, 2020Mar 4, 2020eCFR amendment effective 2020-02-04 run 26View · Redline (sign in)
Mar 5, 2020currenteCFR editorial change effective 2020-03-05 run 285 FR 6063, Feb. 4, 2020View · Redline (sign in)
Provision-level history (blame)