---
kind: "section"
citation: "29 C.F.R. § 4044.11"
title: "29"
number: "4044.11"
heading: "Priority category 1 benefits."
url: "https://uscodex.org/cfr/29/4044.11"
---

# §4044.11. Priority category 1 benefits.

- (a) **Definition.** The benefits in priority category 1 are participants' accrued benefits derived from voluntary employee contributions.
- (b) **Assigning benefits.** Absent an election described in the next sentence, the benefit assigned to priority category 1 with respect to each participant is the balance of the separate account maintained for the participant's voluntary contributions. If a participant has elected to receive an annuity in lieu of his or her account balance, the benefit assigned to priority category 1 with respect to that participant is the present value of that annuity.

## Notes

### Authority

Authority: 29 U.S.C. 1301(a), 1302(b)(3), 1341, 1344, 1362.

### Source

Source: 61 FR 34059, July 1, 1996, unless otherwise noted.