29 C.F.R. § 4050.3   Method of distribution for missing participants.


Title 29 - Labor


Title 29: Labor
PART 4050—MISSING PARTICIPANTS

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§ 4050.3   Method of distribution for missing participants.

The plan administrator of a terminating plan must distribute benefits for each missing participant by—

(a) Purchasing from an insurer an irrevocable commitment that satisfies the requirements of §4041.28(c) or §4041.50 of this chapter (whichever is applicable); or

(b) Paying the PBGC a designated benefit in accordance with §§4050.4 through 4050.6 (subject to the special rules in §4050.12).

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