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Pension Benefit Guaranty Corporation 85-20 August 2, 1985, REF ERE NC E: *1 4204 Sale o f Assets 4204(a)(1) Sale of Assets. Conditions for Exemption from Withdrawal 420 4(a)(1)(B) Sale o f Assets.
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What is pension benefit guaranty corporation?
The Pension Benefit Guaranty Corporation (PBGC) is a federal agency that protects retirement incomes by guaranteeing certain pension benefits if a private-sector pension plan terminates with insufficient funds to pay benefits.
Who is required to file pension benefit guaranty corporation?
Employers who sponsor defined benefit pension plans are required to file with the PBGC.
How to fill out pension benefit guaranty corporation?
Employers must complete the necessary forms and submit them to the PBGC according to the specified guidelines.
What is the purpose of pension benefit guaranty corporation?
The purpose of the PBGC is to ensure that pension plan participants receive their promised benefits even if the plan sponsor goes bankrupt or the plan is terminated.
What information must be reported on pension benefit guaranty corporation?
Employers must report information about the pension plan, plan participants, and financial status of the plan to the PBGC.
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