---
kind: "section"
citation: "29 C.F.R. § 4245.3"
title: "29"
number: "4245.3"
heading: "Notice of insolvency."
url: "https://uscodex.org/cfr/29/4245.3"
---

# §4245.3. Notice of insolvency.

- (a) **Requirement of notice.** The plan sponsor of a plan that determines that the plan is insolvent in the current plan year or is expected to be insolvent in the next plan year must file with PBGC a notice of insolvency containing the information described in [§ 4245.4(a)](/cfr/29/4245.4.md?p=a) and must issue to interested parties a notice of insolvency containing the information described in [§ 4245.4(b)](/cfr/29/4245.4.md?p=b). Once notices of insolvency with respect to a plan have been provided as required, no notices of insolvency need be provided with respect to the plan for any subsequent plan year. A notice of insolvency may be combined with a notice of insolvency benefit level under [§ 4245.5](/cfr/29/4245.5.md) for the same plan year.
- (b) **When to provide notice.** The plan sponsor must provide the notices of insolvency under [paragraph (a)](#a) of this section at the time described in [§ 4281.43(b)](/cfr/29/4281.43.md?p=b) of this chapter.

## Notes

### Amendments

[84 FR 18724, May 2, 2019]

### Authority

Authority: 29 U.S.C. 1302(b)(3), 1341a, 1431, 1426(e).

### Source

Source: 61 FR 34115, July 1, 1996, unless otherwise noted.

### Amendments

[84 FR 18724, May 2, 2019]