§4041.50 Closeout of plan.

If a plan administrator receives a distribution notice from the PBGC pursuant to §4041.47 and neither the plan administrator nor the PBGC makes the finding described in §4041.49(b) or (d), the plan administrator must distribute plan assets in accordance with §4041.28 and file a post-distribution certification in accordance with §4041.29, 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), the phrase "after the expiration of the PBGC's 60-day (or extended) review period under §4041.26(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)"; and

(c) For purposes of applying the distribution deadline in §4041.28(a)(1)(ii), the phrase "the requirements of §4041.25(c)" is replaced with "the requirements of §4041.48(d)".