[Code of Federal Regulations]

[Title 29, Volume 9]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 29CFR2520.103-13]



[Page 438]

 

                             TITLE 29--LABOR

 

 CHAPTER XXV--EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF 

                                  LABOR

 

PART 2520_RULES AND REGULATIONS FOR REPORTING AND DISCLOSURE--Table of 

Contents

 

                  Subpart C_Annual Report Requirements

 

Sec.  2520.103-13  Special terminal report for abandoned plans.



    (a) General. The terminal report required to be filed by the 

qualified termination administrator pursuant to Sec.  2578.1(d)(2)(viii) 

of this chapter shall consist of the items set forth in paragraph (b) of 

this section. Such report shall be filed in accordance with the method 

of filing set forth in paragraph (c) of this section and at the time set 

forth in paragraph (d) of this section.

    (b) Contents. The terminal report described in paragraph (a) of this 

section shall contain:

    (1) Identification information concerning the qualified termination 

administrator and the plan being terminated.

    (2) The total assets of the plan as of the date the plan was deemed 

terminated under Sec.  2578.1(c) of this chapter, prior to any reduction 

for termination expenses and distributions to participants and 

beneficiaries.

    (3) The total termination expenses paid by the plan and a separate 

schedule identifying each service provider and amount received, itemized 

by expense.

    (4) The total distributions made pursuant to Sec.  2578.1(d)(2)(vii) 

of this chapter and a statement regarding whether any such distributions 

were transfers under Sec.  2578.1(d)(2)(vii)(B) of this chapter.

    (5) The identification, fair market value and method of valuation of 

any assets with respect to which there is no readily ascertainable fair 

market value.

    (c) Method of filing. The terminal report described in paragraph (a) 

shall be filed:

    (1) On the most recent Form 5500 available as of the date the 

qualified termination administrator satisfies the requirements in Sec.  

2578.1(d)(2)(i) through Sec.  2578.1(d)(2)(vii) of this chapter; and

    (2) In accordance with the Form's instructions pertaining to 

terminal reports of qualified termination administrators.

    (d) When to file. The qualified termination administrator shall file 

the terminal report described in paragraph (a) within two months after 

the end of the month in which the qualified termination administrator 

satisfies the requirements in Sec.  2578.1(d)(2)(i) through Sec.  

2578.1(d)(2)(vii) of this chapter.

    (e) Limitation. (1) Except as provided in this section, no report 

shall be required to be filed by the qualified termination administrator 

under part 1 of title I of ERISA for a plan being terminated pursuant to 

Sec.  2578.1 of this chapter.

    (2) Filing of a report under this section by the qualified 

termination administrator shall not relieve any other person from any 

obligation under part 1 of title I of ERISA.



[71 FR 20853, Apr. 21, 2006]