---
kind: "section"
citation: "29 C.F.R. § 4041.50"
title: "29"
number: "4041.50"
heading: "Closeout of plan."
url: "https://uscodex.org/cfr/29/4041.50"
---

# §4041.50. Closeout of plan.


If a plan administrator receives a distribution notice from the PBGC pursuant to [§ 4041.47](/cfr/29/4041.47.md) and neither the plan administrator nor the PBGC makes the finding described in § [4041.49(b)](/cfr/29/4041.49.md?p=b) or [(d)](/cfr/29/4041.49.md?p=d), the plan administrator must distribute plan assets in accordance with [§ 4041.28](/cfr/29/4041.28.md) and file a post-distribution certification in accordance with [§ 4041.29](/cfr/29/4041.29.md), except that—

- (a) The term “plan benefits” is replaced with “title IV benefits”;
- (b) For purposes of applying the distribution deadline in [§ 4041.28(a)(1)(i)](/cfr/29/4041.28.md?p=a-1-i), the phrase “after the expiration of the PBGC's 60-day (or extended) review period under [§ 4041.26(a)](/cfr/29/4041.26.md?p=a)” is replaced with “the day on which the plan administrator completes the issuance of the notices of benefit distribution pursuant to [§ 4041.48(a)](/cfr/29/4041.48.md?p=a)”; and
- (c) For purposes of applying the distribution deadline in [§ 4041.28(a)(1)(ii)](/cfr/29/4041.28.md?p=a-1-ii), the phrase “the requirements of [§ 4041.25(c)](/cfr/29/4041.25.md?p=c)” is replaced with “the requirements of [§ 4041.48(d)](/cfr/29/4041.48.md?p=d)”.

## Notes

### Authority

Authority: 29 U.S.C. 1302(b)(3), 1341, 1344, 1350.

### Source

Source: 62 FR 60428, Nov. 7, 1997, unless otherwise noted.