Does the PBGC enforce section 414(l) of the Internal Revenue Code?
The Internal Revenue Service is the agency that enforces section 414(l) of the Internal Revenue Code, the section that governs the allocation of assets in plan spin-offs. The PBGC will not review spin-off transactions for section 414(l) compliance. However, the PBGC will review a spin-off to determine whether it significantly increases the risk of long-run loss to the pension insurance system.
Related Questions
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- Does the PBGC enforce section 414(l) of the Internal Revenue Code?
