29 CFR § 4041.50 - Closeout of plan.

---
identifier: "/us/cfr/t29/s4041.50"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "29 CFR § 4041.50 - Closeout of plan."
title_number: 29
title_name: "Labor"
section_number: "4041.50"
section_name: "Closeout of plan."
chapter_name: "PENSION BENEFIT GUARANTY CORPORATION"
subchapter_number: "E"
subchapter_name: "PLAN TERMINATIONS"
part_number: "4041"
part_name: "TERMINATION OF SINGLE-EMPLOYER PLANS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "29 U.S.C. 1302(b)(3), 1341, 1344, 1350."
regulatory_source: "62 FR 60428, Nov. 7, 1997, unless otherwise noted."
cfr_part: "4041"
---


# 4041.50 Closeout of plan.

If a plan administrator receives a distribution notice from the PBGC pursuant to § 4041.47 and neither the plan administrator nor the PBGC makes the finding described in § 4041.49(b) or (d), the plan administrator must distribute plan assets in accordance with § 4041.28 and file a post-distribution certification in accordance with § 4041.29, except that—

(a) The term “plan benefits” is replaced with “title IV benefits”;

(b) For purposes of applying the distribution deadline in § 4041.28(a)(1)(i), the phrase “after the expiration of the PBGC's 60-day (or extended) review period under § 4041.26(a)” is replaced with “the day on which the plan administrator completes the issuance of the notices of benefit distribution pursuant to § 4041.48(a)”; and

(c) For purposes of applying the distribution deadline in § 4041.28(a)(1)(ii), the phrase “the requirements of § 4041.25(c)” is replaced with “the requirements of § 4041.48(d)”.