Brief Case
Pension Resource

29 C.F.R. § 4245.8

Financial assistance.
eCFR editorial change effective 2019-07-01 · superseded Aug 15, 2025 · last amended by 84 FR 18725, May 2, 2019
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(a) Application for financial assistance. If the plan sponsor of a plan determines that the plan's resource benefit level for an insolvency year is below the level of benefits guaranteed by PBGC or that the plan will be unable to pay guaranteed benefits when due for any month during the year, the plan sponsor must apply to PBGC for financial assistance pursuant to section 4261 of ERISA and in accordance with § 4281.47 of this chapter.
(b) Actuarial valuations and withdrawal liability. The plan sponsor of an insolvent plan or a terminated plan that is expected to become insolvent under section 4245 of ERISA must—
(1) File withdrawal liability information with PBGC in accordance with § 4041A.23 of this chapter. The filing under § 4041A.23(b) of this chapter must be not later than 180 days after the earlier of the end of the plan year in which the plan becomes insolvent or terminates and each plan year thereafter.
(2) Have performed and file with PBGC actuarial valuations in accordance with § 4041A.24 of this chapter, except that if a plan is not terminated, the termination year valuation under § 4041A.24(a)(1) of this chapter must be performed for the plan for the plan year in which the plan becomes insolvent.
Source credit, amendments & notes

[84 FR 18725, May 2, 2019]

29 C.F.R. § 4245.8 — Financial assistance. · eCFR editorial change effective 2019-07-01 · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4245.8&asof=2019-07-01 · printed Oct 16, 2026
On this page
  • (a) Application for financial assistance.
  • (b) Actuarial valuations and withdrawal liability.
Implements
ERISA § 4245 (29 U.S.C. § 1426) Insolvent plans
Guidance addressing this section

No documents are primarily about this section.

Also cited in 3 other documents
PBGC
Final Rules
  • 90 FR 39320 Aug 15, 2025 — Miscellaneous Corrections, Clarifications, and Improvements (b)(1)
  • 84 FR 18715 May 2, 2019 — Terminated and Insolvent Multiemployer Plans and Duties of Plan Sponsors
Proposed Rules
  • 83 FR 32815Proposed Jul 16, 2018 — Terminated and Insolvent Multiemployer Plans and Duties of Plan Sponsors Comments due Sep 14, 2018

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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, 2004May 1, 2019eCFR amendment effective 2017-01-01 run 2668 FR 61357, Oct. 28, 2003View
May 2, 2019Jun 30, 2019eCFR amendment effective 2019-05-02 run 2668 FR 61357, Oct. 28, 2003View · Redline (sign in)
Jul 1, 2019Aug 14, 2025eCFR editorial change effective 2019-07-01 run 2684 FR 18725, May 2, 2019View · Redline (sign in)
Aug 15, 2025Sep 14, 2025eCFR amendment effective 2025-08-15 run 2684 FR 18725, May 2, 2019View · Redline (sign in)
Sep 15, 2025currenteCFR amendment effective 2025-09-15 run 290 FR 39329, Aug. 15, 2025View · Redline (sign in)
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