[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR4041.5]

[Page 739]
 
                             TITLE 29--LABOR
 
                          GUARANTY CORPORATION
 
PART 4041--TERMINATION OF SINGLE-EMPLOYER PLANS--Table of Contents
 
                      Subpart A--General Provisions
 
Sec. 4041.5  Record retention and availability.

    (a) Retention requirement. (1) Persons subject to requirement. Each 
contributing sponsor and the plan administrator of a plan terminating in 
a standard termination, or in a distress termination that closes out in 
accordance with Sec. 4041.50, must maintain all records necessary to 
demonstrate compliance with section 4041 of ERISA and this part. A 
record may be maintained in any format that reasonably ensures the 
integrity of the original information and that allows the record to be 
converted to hardcopy if necessary under paragraph (b) of this section. 
If a contributing sponsor or the plan administrator maintains 
information in accordance with this paragraph (a)(1), the other(s) need 
not maintain that information.
    (2) Retention period. The records described in paragraph (a)(1) of 
this section must be preserved for six years after the date when the 
post-distribution certification under this part is filed with the PBGC.
    (b) Availability of records. The contributing sponsor or plan 
administrator must make all records needed to determine compliance with 
section 4041 of ERISA and this part available to the PBGC upon request 
for inspection and photocopying, and must submit such records to the 
PBGC within 30 days after the date of a written request by the PBGC or 
by a later date specified therein. Unless the PBGC agrees to a different 
format, records must be submitted in hardcopy.