Final Rule - PBGC Missing Participants Program

[Madison71]

I understand from reading the new final rule from the PBGC regarding missing participants, that a terminating DC plan can utilize the program as well.  I am just confirming that if the program is utilized that once the assets of the missing participants is transferred to the PBGC (and all other assets are distributed out), that a final Form 5500 can be filed?

Thanks!

[Larry Starr]

That's exactly the purpose! the ability to close out the plan.

[Madison71]

Thank you - to close out though, the assets have to be transferred, correct?  It appears from the reading that you can also utilize as a participant locator without transfer?