Title 29 — LaborRelease 119-73

§1414 Asset transfer rules

Title 29 › Chapter CHAPTER 18— - EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM › Subchapter SUBCHAPTER III— - PLAN TERMINATION INSURANCE › Subtitle Subtitle E— - Special Provisions for Multiemployer Plans › Part part 2— - merger or transfer of plan assets or liabilities › § 1414

Last updated Apr 6, 2026|Official source

Summary

Multiemployer plans must set rules for moving assets to another plan. The rules must not unfairly block transfers that go along with moving liabilities. They must be applied the same way to each proposed transfer, but can allow reasonable differences when a transfer could affect the plan’s finances. The corporation must write regulations that excuse very small transfers from these rules. Transfers made under written reciprocity agreements are not covered, unless the corporation’s regulations say they are.

Full Legal Text

Title 29, §1414

Labor — Source: USLM XML via OLRC

(a)A transfer of assets from a multiemployer plan to another plan shall comply with asset-transfer rules which shall be adopted by the multiemployer plan and which—

(1)do not unreasonably restrict the transfer of plan assets in connection with the transfer of plan liabilities, and

(2)operate and are applied uniformly with respect to each proposed transfer, except that the rules may provide for reasonable variations taking into account the potential financial impact of a proposed transfer on the multiemployer plan.

(b)The corporation shall prescribe regulations which exempt de minimis transfers of assets from the requirements of this part.

(c)This part shall not apply to transfers of assets pursuant to written reciprocity agreements, except to the extent provided in regulations prescribed by the corporation.

Reference

Citations & Metadata

Citation

29 U.S.C. § 1414

Title 29 — Labor

Last Updated

Apr 6, 2026

Release point: 119-73