§4041A.42. Method of distribution.
29 C.F.R. § 4041A.42
In general. The plan sponsor shall distribute plan assets by purchasing from an insurer contracts to provide all benefits required by § 4041A.43 to be provided in annuity form and by paying in a lump sum (or other alternative elected by the participant) all other benefits.
Missing participants and beneficiaries. The plan sponsor must distribute plan benefits of missing distributees in accordance with subpart D of part 4050 of this chapter.
Notes, amendments, and revision history
Amendments
[61 FR 34052, July 1, 1996, as amended at 82 FR 60818, Dec. 22, 2017]
Authority
Authority: 29 U.S.C. 1302(b)(3), 1341a, 1431, 1441.
Source
Source: 61 FR 34052, July 1, 1996, unless otherwise noted.
Amendments
[61 FR 34052, July 1, 1996, as amended at 82 FR 60818, Dec. 22, 2017]