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DOL/EBSA RIN: 1210-AC04 Publication ID: Spring 2023 
Title: Amendment of Abandoned Plan Program 
Abstract:

On December 12, 2012, the Department of Labor’s Employee Benefits Security Administration (EBSA) proposed amendments to three regulations previously published under the Employee Retirement Income Security Act of 1974 that facilitate the termination of, and distribution of benefits from, individual account pension plans that have been abandoned by their sponsoring employers.  77 FR 74063 (RIN 1210-AB47).  On the same date, EBSA also published Notice of Proposed Amendment to PTE 2006-06.  77 FR 74056 (ZRIN EBSA-2012-0015).  The principal purpose of the proposed amendments was to permit bankruptcy trustees to use the Department’s Abandoned Plan Program to terminate and wind up the plans of sponsors in liquidation under chapter 7 of the U.S. Bankruptcy Code.  On September 30, 2019, EBSA withdrew this entry from the semiannual regulatory agenda due to agency reprioritization.  Following a review of agency priorities, this entry was returned to EBSA’s semiannual regulatory agenda in the fall of 2021.

 
Agency: Department of Labor(DOL)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 29 CFR 2520.103-13    29 CFR 2550.404a-3    29 CFR 2578.1   
Legal Authority: 29 U.S.C. 1135   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  06/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeffrey J. Turner
Deputy Director, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
N 5669, 200 Constitution Avenue NW, FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8500