Form 501

[Guest DBStudentAct]

Can someone please clarify about the timing for filing Form 501 on plan termination?

Is it 30 days after the first lumpsum distribution or 30 days after the last asset distibution?

Thanks in advance.

[Andy the Actuary]

From the Standard Termination instructions (http://www.pbgc.gov/docs/500_instructions.pdf):

"The plan administrator must file a completed PBGC Form 501 with PBGC within 30 days after the last distribution date for plan benefits (through priority category 6 under ERISA section 4044 and 29 CFR Part 4044) for any affected party. The due date for the Form 501 is unaffected by the timing of any distribution of residual assets, whether to the employer or to participants and beneficiaries."