Regulations last checked for updates: Feb 16, 2025

Title 29 - Labor last revised: Jan 31, 2025
§ 4041A.41 - General rule.

If a plan's assets, excluding any claim of the plan for unpaid withdrawal liability, are sufficient to satisfy all obligations for nonforfeitable benefits provided under the plan, the plan sponsor may close out the plan in accordance with this subpart by distributing plan assets in full satisfaction of all nonforfeitable benefits under the plan.

authority: 29 U.S.C. 1302(b)(3), 1341a, 1431, 1441
source: 61 FR 34052, July 1, 1996, unless otherwise noted.
cite as: 29 CFR 4041A.41