Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281)

Plan sponsors of multiemployer pension plans terminated by mass withdrawal give notices to PBGC and plan participants about plan insolvency and benefit reductions; notices to participants about electing benefit options; and requests to PBGC for financial assistance or permission to distributee benefits in different amounts or forms than otherwise allowed. PBGC uses information submitted to it to make statutory determinations and estimate the need for financial assistance to plans. Participants use information sent to them to make personal financial decisions.

The latest form for Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281) expires 2022-06-30 and can be found here.