Title 29 — LaborRelease 119-73not60
§1414 Asset Transfer Rules
Title 29 › Chapter 18— EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM › Subchapter III— PLAN TERMINATION INSURANCE › Subtitle Subtitle E— Special Provisions for Multiemployer Plans › Part 2— merger or transfer of plan assets or liabilities › § 1414
Summary
Multiemployer plans must create rules for transferring assets to another plan. Rules can’t unreasonably block transfers tied to moving the plan’s debts and must be applied uniformly, though they may vary for reasonable financial reasons. The corporation may exempt very small transfers and may exclude written reciprocity agreements.
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 5, 2026
Release point: 119-73not60