---
kind: "section"
citation: "29 C.F.R. § 4044.41"
title: "29"
number: "4044.41"
heading: "General valuation rules."
url: "https://uscodex.org/cfr/29/4044.41"
---

# §4044.41. General valuation rules.

- (a) **Valuation of benefits—**
  - (1) **Trusteed plans.** The plan administrator of a plan that has been or will be placed into trusteeship by the PBGC shall value plan benefits in accordance with [§§ 4044.51 through 4044.58](/cfr/29/4044.51..4044.58.md).
  - (2) **Non-trusteed plans.** The plan administrator of a non-trusteed plan shall value plan benefits in accordance with [§§ 4044.71 through 4044.75](/cfr/29/4044.71..4044.75.md). If a plan is unable to satisfy all benefits assigned to priority categories 1 through 4 on the distribution date, the PBGC will place it into trusteeship and the plan administrator shall re-value the benefits in accordance with [§§ 4044.51 through 4044.58](/cfr/29/4044.51..4044.58.md).
- (b) **Valuation of assets.** Plan assets generally will be valued at their fair market value as defined in [§ 4001.2](/cfr/29/4001.2.md) of this chapter. As appropriate, plan assets will be valued at their fair value in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).

## Notes

### Amendments

[61 FR 34059, July 1, 1996, as amended at 76 FR 34606, June 14, 2011; 88 FR 44052, July 11, 2023; 89 FR 48300, June 6, 2024]

### 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.

### Amendments

[61 FR 34059, July 1, 1996, as amended at 76 FR 34606, June 14, 2011; 88 FR 44052, July 11, 2023; 89 FR 48300, June 6, 2024]