Filing Schedule MP, Plan Termination

[Guest DBStudentAct]

PBGC covered plan terminated in December 2010, last asset expected to be distributed in next couple of days. The normal form of benefit under the plan is a life annuity but plan is paying out lump sums to all participants.

The plan has about 20 missing participants, so need to file Schedule MP within 30 days of last asset distribution.

I am confused with regards to the following:

1) Is the deemed date of distribution the plan termination date i.e. Decemeber 2010 or the last asset distribution date which will be April 2011?

2) The benefit amount will be calculated as the higher of plan assumptions and PBGC assumptions, correct?

3) Lastly, since this is a lump sum distribution and not an annuity purchase, the $300 PBGC loading will not be applicable, correct?

Thanks in advance for all help.