§1346 — Title 29 Labor | U.S. Code

Summary

The corporation and the plan administrator must give the trustee all the information they have and can reasonably get about a plan that is being ended. That includes amounts payable to each participant; the basic guaranteed benefits for each participant and the total present value of those guaranteed benefits at termination; the plan’s fair market asset value at termination; the calculations under section 1344 and the actuarial assumptions used; and any other information the trustee needs to end the plan.

Title 29, §1346

Labor — Source: USLM XML via OLRC

The corporation and the plan administrator of any plan to be terminated under this subtitle shall furnish to the trustee such information as the corporation or the plan administrator has and, to the extent practicable, can obtain regarding—

(1)the amount of benefits payable with respect to each participant under a plan to be terminated,

(2)the amount of basic benefits guaranteed under section 1322 or 1322a of this title which are payable with respect to each participant in the plan,

(3)the present value, as of the time of termination, of the aggregate amount of basic benefits payable under section 1322 or 1322a of this title (determined without regard to section 1322b of this title),

(4)the fair market value of the assets of the plan at the time of termination,

(5)the computations under section 1344 of this title, and all actuarial assumptions under which the items described in paragraphs (1) through (4) were computed, and

(6)any other information with respect to the plan the trustee may require in order to terminate the plan.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1980—Par. (2). Pub. L. 96–364, § 403(e)(1), inserted “basic” before “benefits” and “or 1322a” after “1322”. Par. (3). Pub. L. 96–364, § 403(e), inserted “basic” before “benefits” and “or 1322a” after “1322”, and substituted “1322b” for “1322(b)(5)”.

Statutory Notes and Related Subsidiaries

Effective Date

of 1980 AmendmentAmendment by Pub. L. 96–364 effective Sept. 26, 1980, except as specifically provided, see section 1461(e) of this title.

§1346 Reports to trustee