Source: https://www.law.cornell.edu/uscode/text/26/411?quicktabs_8=0
Timestamp: 2015-05-29 12:31:52
Document Index: 161387922

Matched Legal Cases: ['§\u2009904', '§\u20091113', '§ 1012', '§ 1901', '§ 206', '§ 202', '§ 301', '§ 9202', '§ 1113', '§ 1898', '§ 9346', '§ 1018', '§ 7861', '§ 521', '§ 767', '§ 1442', '§ 1071', '§ 633', '§ 408', '§ 114', '§ 902', '§ 101', '§ 401', '§ 101', '§ 109', '§ 107', '§ 107', '§ 107', '§ 107', '§ 101', '§ 904', '§ 114', '§ 902', '§ 904', '§ 701', '§ 114', '§ 701', '§ 114', '§ 633', '§ 648', '§ 633', '§ 645', '§ 645', '§ 1071', '§ 1071', '§ 7861', '§ 7861', '§ 7881', '§ 7871', '§ 7871', '§ 7871', '§ 7881', '§ 7881', '§ 7881', '§ 9346', '§ 9346', '§ 1898', '§ 9202', '§ 1113', '§ 1898', '§ 1898', '§ 9203', '§ 1113', '§ 1898', '§ 1139', '§ 1898', '§ 9202', '§ 9202', '§ 1114', '§ 1113', '§ 1898', '§ 1898', '§ 202', '§ 202', '§ 202', '§ 202', '§ 205', '§ 202', '§ 205', '§ 202', '§ 301', '§ 206', '§ 206', '§ 1901', '§ 1901', '§ 1906', '§ 1901', '§ 1901', '§ 701', '§ 107', '§ 107', '§ 904', '§ 633', '§ 645', '§ 648', '§ 1071', '§ 1442', '§ 767', '§ 1449', '§ 1604', '§ 7871', '§ 7871', '§ 9302', '§ 1113', '§ 1113', '§ 7861', '§ 1139', '§ 1011', '§ 1898', '§ 702', '§ 1102', '§ 645', '§ 701', '§ 107', '§ 1107', '§ 101', '§ 301', '§ 103', '§ 1541', '§ 1071', '§ 1449', '§ 1012', '§ 2']

a distribution of the present value of his entire nonforfeitable benefit if such distribution was in an amount (not more than the dollar limit under section 411
The plan provision required under this subparagraph may provide that such repayment must be made (I)
Determination of present value For purposes of subparagraph (A), the present value shall be calculated in accordance with section 417
Dividend distributions of ESOPS arrangement This paragraph shall not apply to any distribution of dividends to which section 404
Special rule for rollover contributions A plan shall not fail to meet the requirements of this paragraph if, under the terms of the plan, the present value of the nonforfeitable accrued benefit is determined without regard to that portion of such benefit which is attributable to rollover contributions (and earnings allocable thereto). For purposes of this subparagraph, the term “rollover contributions” means any rollover contribution under sections 402
Repealed. Pub. L. 109–280, title IX, § 904(a)(2),Aug. 17, 2006, 120 Stat. 1049] (13)
the requirements of subsection (a)(11) or (c), or the requirements of section 417
(e), with respect to accrued benefits derived from employer contributions,
First two years of service Notwithstanding subparagraphs (A), (B), and (C) of this paragraph, a plan shall not be treated as not satisfying the requirements of this paragraph solely because the accrual of benefits under the plan does not become effective until the employee has two continuous years of service. For purposes of this subparagraph, the term “years of service” has the meaning provided by section 410
satisfies the requirements of subparagraphs (B) and (C) of section 412
but only if an employee’s accrued benefit as of any applicable date is not less than the cash surrender value his insurance contracts would have on such applicable date if the requirements of subparagraphs (D), (E), and (F) of section 412
if distribution of benefits under such plan with respect to such employee has not commenced as of the end of such year in accordance with section 401
The Secretary shall provide by regulation for the coordination of the requirements of this subparagraph with the requirements of subsection (a),sections 404, 410, and 415, and the provisions of this subchapter precluding discrimination in favor of highly compensated employees.
Coordination with other requirements The Secretary may provide by regulation for the coordination of the requirements of this paragraph with the requirements of subsection (a),sections 404, 410, and 415, and the provisions of this subchapter precluding discrimination in favor of highly compensated employees.
Definition For purposes of determining an employee’s accrued benefit, the term “year of participation” means a period of service (beginning at the earliest date on which the employee is a participant in the plan and which is included in a period of service required to be taken into account under section 410
(a)(5), determined without regard to section 410
For purposes of clause (iii)(I), the plan shall credit the accumulation account or similar amount [2]
For purposes of this subparagraph, the term “applicable defined benefit plan” has the meaning given such term by section 411
Certain offsets permitted A plan shall not be treated as failing to meet the requirements of paragraph (1)(H)(i) solely because the plan provides offsets against benefits under the plan to the extent such offsets are otherwise allowable in applying the requirements of section 401
Permitted disparities in plan contributions or benefits A plan shall not be treated as failing to meet the requirements of paragraph (1)(H) solely because the plan provides a disparity in contributions or benefits with respect to which the requirements of section 401
Defined benefit plans In the case of a defined benefit plan, the accrued benefit derived from contributions made by an employee as of any applicable date is the amount equal to the employee’s accumulated contributions expressed as an annual benefit commencing at normal retirement age, using an interest rate which would be used under the plan under section 417
at the interest rate which would be used under the plan under section 417
Coordination with section 401(a)(4) A plan which satisfies the requirements of this section shall be treated as satisfying any vesting requirements resulting from the application of section 401
there has been a pattern of abuse under the plan (such as a dismissal of employees before their accrued benefits become nonforfeitable) tending to discriminate in favor of employees who are highly compensated employees (within the meaning of section 414
there have been, or there is reason to believe there will be, an accrual of benefits or forfeitures tending to discriminate in favor of employees who are highly compensated employees (within the meaning of section 414
Prohibited discrimination Subsection (a) shall not apply to benefits which may not be provided for designated employees in the event of early termination of the plan under provisions of the plan adopted pursuant to regulations prescribed by the Secretary to preclude the discrimination prohibited by section 401
Termination or partial termination; discontinuance of contributions Notwithstanding the provisions of subsection (a), a trust shall not constitute a qualified trust under section 401
in the case of a plan to which section 412 does not apply, upon complete discontinuance of contributions under the plan,
the rights of all affected employees to benefits accrued to the date of such termination, partial termination, or discontinuance, to the extent funded as of such date, or the amounts credited to the employees’ accounts, are nonforfeitable. This paragraph shall not apply to benefits or contributions which, under provisions of the plan adopted pursuant to regulations prescribed by the Secretary to preclude the discrimination prohibited by section 401
Repealed. Pub. L. 99–514, title XI, § 1113(b),Oct. 22, 1986, 100 Stat. 2447] (5)
In general A plan shall be treated as not satisfying the requirements of this section if the accrued benefit of a participant is decreased by an amendment of the plan, other than an amendment described in section 412
(d)(2), orsection 4281 of the Employee Retirement Income Security Act of 1974.
A plan described in paragraph (1) shall be treated as meeting the requirements of this section, for purposes of section 401
(a), if such plan meets the vesting requirements resulting from the application of sections 401
(a)(4) and 401
(Added Pub. L. 93–406, title II, § 1012(a),Sept. 2, 1974, 88 Stat. 901; amended Pub. L. 94–455, title XIX, §§ 1901(a)(62), 1906(b)(13)(A),Oct. 4, 1976, 90 Stat. 1774, 1834; Pub. L. 96–364, title II, § 206,Sept. 26, 1980, 94 Stat. 1287; Pub. L. 98–397, title II, § 202(b), (c), (d)(2), (e)(2), (3), (f), 205, title III, § 301(a)(1),Aug. 23, 1984, 98 Stat. 1437, 1439, 1440, 1449, 1450; Pub. L. 99–509, title IX, §§ 9202(b), 9203(b)(2),Oct. 21, 1986, 100 Stat. 1977, 1979; Pub. L. 99–514, title XI, §§ 1113(a), (b), (d)(B), 1114(b)(10), 1139(a), title XVIII, § 1898(a)(1)(A), (4)(A), (d)(1)(A), (2)(A), (f)(1)(A),Oct. 22, 1986, 100 Stat. 2446, 2447, 2451, 2487, 2941, 2943, 2955, 2956; Pub. L. 100–203, title IX, § 9346(b),Dec. 22, 1987, 101 Stat. 1330–374; Pub. L. 100–647, title I, § 1018(t)(8)(B),Nov. 10, 1988, 102 Stat. 3589; Pub. L. 101–239, title VII, §§ 7861(a)(5)(A), (6)(A), 7871
(a)(1), (2), (b)(1), 7881(m)(1),Dec. 19, 1989, 103 Stat. 2430, 2435, 2443; Pub. L. 102–318, title V, § 521(b)(44),July 3, 1992, 106 Stat. 313; Pub. L. 103–465, title VII, § 767(a)(1),Dec. 8, 1994, 108 Stat. 5037; Pub. L. 104–188, title I, § 1442(a),Aug. 20, 1996, 110 Stat. 1808; Pub. L. 105–34, title X, § 1071(a)(1), (2)(A),Aug. 5, 1997, 111 Stat. 948; Pub. L. 107–16, title VI, §§ 633(a), 645
(a)(1), (b)(1), 648(a)(1),June 7, 2001, 115 Stat. 115, 123, 125, 127; Pub. L. 108–311, title IV, § 408(a)(14),Oct. 4, 2004, 118 Stat. 1192; Pub. L. 109–280, title I, § 114(b), title VII, 701(b), title IX, §§ 902(d)(2)(A), (B), 904
(a),Aug. 17, 2006, 120 Stat. 853, 984, 1038, 1048; Pub. L. 110–458, title I, §§ 101(d)(2)(D), 107
(b)(2),Dec. 23, 2008, 122 Stat. 5099, 5107, 5111.)
Section 4205(b)(2)(A)(i) of such Act, referred to in subsec. (a)(4)(G)(i)(II), is classified to section 1385
(b)(2)(A)(i) of Title 29.
The Social Security Act, referred to in subsecs. (a)(9) and (b)(1)(G), is act Aug. 14, 1935, ch. 531, 49 Stat. 620, as amended. Title II of the Social Security Act is classified generally to subchapter II (§ 401 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see section 1305 of Title 42 and Tables.
2008—Subsec. (a)(3)(C). Pub. L. 110–458, § 101(d)(2)(D)(i), substituted “section 412
(d)(2)” for “section 412
Subsec. (a)(3)(G). Pub. L. 110–458, § 109(b)(2), substituted “permissible withdrawal” for “erroneous automatic contribution” in heading and “a permissible withdrawal” for “an erroneous automatic contribution” in text.
Subsec. (a)(13)(A). Pub. L. 110–458, § 107(b)(2), substituted “subparagraph (B)” for “paragraph (2)” in cl. (i) and “subparagraph (C)” for paragraph (3) in concluding provisions, added cl. (ii), and struck out former cl. (ii) which read as follows: “the requirements of subsection (c) orsection 417
(e) with respect to contributions other than employee contributions,”.
Subsec. (b)(5)(A)(iii). Pub. L. 110–458, § 107(b)(1)(A), substituted “subparagraph” for “clause”.
Subsec. (b)(5)(B)(i)(II). Pub. L. 110–458, § 107(b)(3), amended subcl. (II) generally. Prior to amendment, text read as follows: “An interest credit (or an equivalent amount) of less than zero shall in no event result in the account balance or similar amount being less than the aggregate amount of contributions credited to the account.”
Subsec. (b)(5)(C). Pub. L. 110–458, § 107(b)(1)(B), inserted “otherwise” before “allowable”.
Subsec. (d)(6)(A). Pub. L. 110–458, § 101(d)(2)(D)(ii), substituted “section 412
2006—Subsec. (a)(2). Pub. L. 109–280, § 904(a)(1), reenacted heading without change and amended text of par. (2) generally, substituting provisions relating to vesting requirements under defined benefit plans and defined contribution plans for provisions relating to 5-year vesting and 3 to 7 year vesting under all plans.
Subsec. (a)(3)(C). Pub. L. 109–280, § 114(b)(1), substituted “412(c)(2)” for “412(c)(8)”.
Subsec. (a)(3)(G). Pub. L. 109–280, § 902(d)(2)(A), (B), inserted “or erroneous automatic contribution” after “or contribution” in heading and “an erroneous automatic contribution under section 414
(w),” after “402(g)(2)(A),” in text.
Subsec. (a)(12). Pub. L. 109–280, § 904(a)(2), struck out par. (12), which related to faster vesting for matching contributions by employers.
Subsec. (a)(13). Pub. L. 109–280, § 701(b)(2), added par. (13).
Subsec. (b)(1)(F). Pub. L. 109–280, § 114(b)(2), substituted “subparagraphs (B) and (C) of section 412
(e)(3)” for “paragraphs (2) and (3) of section 412
(i)” in cl. (ii) and “subparagraphs (D), (E), and (F) of section 412
(e)(3)” for “paragraphs (4), (5), and (6) of section 412
(i)” in concluding provisions.
Subsec. (b)(5). Pub. L. 109–280, § 701(b)(1), added par. (5).
Subsec. (d)(6)(A). Pub. L. 109–280, § 114(b)(3), substituted “412(e)(2)” for “412(c)(8)”.
2004—Subsec. (a)(12)(B). Pub. L. 108–311substituted “6 or more” for “6” in table.
2001—Subsec. (a)(2). Pub. L. 107–16, § 633(a)(1), substituted “Except as provided in paragraph (12), a plan” for “A plan” in introductory provisions.
Subsec. (a)(11)(D). Pub. L. 107–16, § 648(a)(1), added subpar. (D).
Subsec. (a)(12). Pub. L. 107–16, § 633(a)(2), added par. (12).
Subsec. (d)(6)(B). Pub. L. 107–16, § 645(b)(1), inserted after second sentence “The Secretary shall by regulations provide that this subparagraph shall not apply to any plan amendment which reduces or eliminates benefits or subsidies which create significant burdens or complexities for the plan and plan participants, unless such amendment adversely affects the rights of any participant in a more than de minimis manner.”
Subsec. (d)(6)(D), (E). Pub. L. 107–16, § 645(a)(1), added subpars. (D) and (E).
1997—Subsec. (a)(7)(B)(i). Pub. L. 105–34, § 1071(a)(2)(A), substituted “the dollar limit under section 411
(a)(11)(A)” for “$3,500”.
Subsec. (a)(11)(A). Pub. L. 105–34, § 1071(a)(1), substituted “$5,000” for “$3,500”.
1996—Subsec. (a)(2). Pub. L. 104–188substituted “subparagraph (A) or (B)” for “subparagraph (A), (B), or (C)” in introductory provisions and struck out subpar. (C) which read as follows: “Multiemployer plans.—A plan satisfies the requirements of this subparagraph if—
“(i) the plan is a multiemployer plan (within the meaning of section 414
“(I) an employee who is covered pursuant to a collective bargaining agreement described in section 414
(f)(1)(B) and who has completed at least 10 years of service has a nonforfeitable right to 100 percent of the employee’s accrued benefit derived from employer contributions, and
1994—Subsec. (a)(11)(B). Pub. L. 103–465reenacted subpar. (B) heading without change and amended text generally. Prior to amendment, text read as follows:
1992—Subsec. (d)(3). Pub. L. 102–318inserted at end “For purposes of this paragraph, in the case of the complete discontinuance of contributions under a profit-sharing or stock bonus plan, such plan shall be treated as having terminated on the day on which the plan administrator notifies the Secretary (in accordance with regulations) of the discontinuance.”
1989—Subsec. (a)(3)(G). Pub. L. 101–239, § 7861(a)(5)(A), added subpar. (G).
Subsec. (a)(4)(A). Pub. L. 101–239, § 7861(a)(6)(A), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “years of service before age 18, except that in the case of a plan which does not satisfy subparagraph (A) or (B) of paragraph (2), the plan may not disregard any such year of service during which the employee was a participant;”.
Subsec. (a)(7)(D). Pub. L. 101–239, § 7881(m)(1)(D), added subpar. (D).
Subsec. (a)(8)(B). Pub. L. 101–239, § 7871(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the latest of—
Subsec. (b)(2)(B). Pub. L. 101–239, § 7871(a)(1), redesignated subpar. (C) as (B) and struck out former subpar. (B) which read as follows: “Disregard of subsidized portion of early retirement benefit.—A plan shall not be treated as failing to meet the requirements of subparagraph (A) solely because the subsidized portion of any early retirement benefit is disregarded in determining benefit accruals.”
Subsec. (b)(2)(C), (D). Pub. L. 101–239, § 7871(a)(1), (2), redesignated subpar. (D) as (C) and substituted “this paragraph” for “this subparagraph”. Former subpar. (C) redesignated (B).
Subsec. (c)(2)(B). Pub. L. 101–239, § 7881(m)(1)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows:
Subsec. (c)(2)(C)(iii). Pub. L. 101–239, § 7881(m)(1)(A), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: “interest on the sum of the amounts determined under clauses (i) and (ii) compounded annually at the rate of 120 percent of the Federal mid-term rate (as in effect under section 1274 for the 1st month of a plan year) from the beginning of the first plan year to which subsection (a)(2) applies (by reason of the applicable effective date) to the date upon which the employee would attain normal retirement age.”
Subsec. (c)(2)(E). Pub. L. 101–239, § 7881(m)(1)(C), struck out subpar. (E) which read as follows: “Limitation.—The accrued benefit derived from employee contributions shall not exceed the greater of—
1988—Subsec. (a)(11)(A). Pub. L. 100–647substituted “nonforfeitable” for “vested”.
1987—Subsec. (c)(2)(C)(iii). Pub. L. 100–203, § 9346(b)(1), substituted “120 percent of the Federal mid-term rate (as in effect under section 1274 for the 1st month of a plan year)” for “5 percent per annum”.
Subsec. (c)(2)(D). Pub. L. 100–203, § 9346(b)(2), struck out “, the rate of interest described in clause (iii) of subparagraph (C), or both” before “from time to time” in first sentence and struck out second sentence which read as follows: “The rate of interest described in clause (iii) of subparagraph (C), or both, from time to time as he may deem necessary. The rate of interest shall bear the relationship to 5 percent which the Secretary determines to be comparable to the relationship which the long-term money rates and investment yields for the last period of 10 calendar years ending at least 12 months before the beginning of the plan year bear to the long-term money rates and investment yields for the 10-calendar year period 1964 through 1973.”
1986—Subsec. (a). Pub. L. 99–514, § 1898(d)(1)(A)(ii), inserted reference to par. (11) in introductory text.
Pub. L. 99–509, § 9202(b)(3), substituted “subsection (b)(3), and also satisfies, in the case of a defined benefit plan, the requirements of subsection (b)(1) and, in the case of a defined contribution plan, the requirements of subsection (b)(2)” for “paragraph (2) of subsection (b), and in the case of a defined benefit plan, also satisfies the requirements of paragraph (1) of subsection (b)” in first sentence.
Subsec. (a)(2). Pub. L. 99–514, § 1113(a), amended par. (2) generally, substituting provisions covering 5-year vesting, 3 to 7 year vesting, and multiemployer plans, for former provisions which had covered 10-year vesting, 5- to 15-year vesting, and the “rule of 45”.
Subsec. (a)(3)(D)(ii). Pub. L. 99–514, § 1898(a)(4)(A)(i), substituted last sentence for former last sentence which read as follows: “In the case of a defined contribution plan, the plan provision required under this clause may provide that such repayment must be made before the participant has any one-year break in service commencing after the withdrawal.”
Subsec. (a)(7)(C). Pub. L. 99–514, § 1898(a)(4)(A)(ii), substituted last sentence for former last sentence which read as follows: “In the case of a defined contribution plan, the plan provision required under this subparagraph may provide that such repayment must be made before the participant has 5 consecutive 1-year breaks in service commencing after such withdrawal.”
Subsec. (a)(8)(B). Pub. L. 99–509, § 9203(b)(2), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “the latter of—
Subsec. (a)(10)(B). Pub. L. 99–514, § 1113(d)(B), substituted “3 years” for “5 years”.
Subsec. (a)(11)(A). Pub. L. 99–514, § 1898(d)(1)(A)(i), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “If the present value of any accrued benefit exceeds $3,500, such benefit shall not be treated as nonforfeitable if the plan provides that the present value of such benefit could be immediately distributed without the consent of the participant.”
Subsec. (a)(11)(B). Pub. L. 99–514, § 1139(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “For purposes of subparagraph (A), the present value shall be calculated by using an interest rate not greater than the interest rate which would be used (as of the date of the distribution) by the Pension Benefit Guaranty Corporation for purposes of determining the present value of a lump sum distribution on plan termination.”
Subsec. (a)(11)(C). Pub. L. 99–514, § 1898(d)(2)(A), added subpar. (C).
Subsec. (b)(1). Pub. L. 99–509, § 9202(b)(1), substituted “Defined benefit plans” for “General rules” in heading and added subpar. (H).
Subsec. (b)(2) to (4). Pub. L. 99–509, § 9202(b)(2), added par. (2) and redesignated former pars. (2) and (3) as (3) and (4), respectively.
Subsec. (d)(1)(A), (B). Pub. L. 99–514, § 1114(b)(10), substituted “highly compensated employees (within the meaning of section 414
(q))” for “officers, shareholders, or highly compensated”.
Subsec. (d)(4). Pub. L. 99–514, § 1113(b), repealed par. (4) which provided that a class year plan satisfied the requirements of subsec. (a)(2) if it provided that 100 percent of each employee’s right to or derived from the contributions of the employer on his behalf with respect to any plan year were nonforfeitable not later than the end of the 5th plan year following the plan year for which such contributions were made.
Pub. L. 99–514, § 1898(a)(1)(A), substituted “Class-year” for “Class year” in heading and amended par. (4) generally. Prior to amendment, par. (4) read as follows: “The requirements of subsection (a)(2) shall be deemed to be satisfied in the case of a class year plan if such plan provides that 100 percent of each employee’s right to or derived from the contributions of the employer on his behalf with respect to any plan year are nonforfeitable not later than the end of the 5th plan year following the plan year for which such contributions were made. For purposes of this section, the term ‘class year plan’ means a profit-sharing, stock bonus, or money purchase plan which provides for the separate nonforfeitability of employees’ rights to or derived from the contributions for each plan year.”
Subsec. (d)(6)(C). Pub. L. 99–514, § 1898(f)(1)(A), added subpar. (C).
1984—Subsec. (a)(4)(A). Pub. L. 98–397, § 202(b), substituted “18” for “22”.
Subsec. (a)(6)(C). Pub. L. 98–397, § 202(c), substituted “5 consecutive 1-year breaks” for “1-year break”, in heading, and in text substituted “5 consecutive 1-year breaks in service” for “any 1-year break in service” and “such 5-year period” for “such break” in two places.
Subsec. (a)(6)(D). Pub. L. 98–397, § 202(d)(2), amended subpar. (D) generally.
Subsec. (a)(6)(E). Pub. L. 98–397, § 202(e)(2), added subpar. (E).
Subsec. (a)(7)(B)(i). Pub. L. 98–397, § 205(b), substituted “$3,500” for “$1,750”.
Subsec. (a)(7)(C). Pub. L. 98–397, § 202(f), substituted “5 consecutive 1-year breaks in service” for “any one-year break in service”.
Subsec. (a)(11). Pub. L. 98–397, § 205(a), added par. (11).
Subsec. (b)(3)(A). Pub. L. 98–397, § 202(e)(3), inserted “, determined without regard to section 410
(a)(5)(E)”.
Subsec. (d)(6). Pub. L. 98–397, § 301(a)(1), designated existing provisions as subpar. (A) and added subpar. (B).
1980—Subsec. (a). Pub. L. 96–364, § 206(1)–(4), in par. (3) added subpars. (E) and (F), and in par. (4) added subpar. (G).
Subsec. (d)(6). Pub. L. 96–364, § 206(5), inserted reference to section 4281 of the Employee Retirement Income Security Act of 1974.
1976—Subsec. (a). Pub. L. 94–455, §§ 1901(a)(62)(A)–(C), 1906(b)(13)(A), substituted “paragraph (8)” for “subsection (a)(8)” in provisions preceding par. (1), substituted references to Sept. 2, 1974, for references to the date of enactment of the Employee Retirement Income Security Act of 1974 in par. (3)(D)(iii), struck out “or his delegate” after “Secretary” in pars. (4)(C) and (7)(B), and substituted “(B)” for “(b)” in heading of par. (7)(C).
Subsec. (b)(1)(D)(i). Pub. L. 94–455, § 1901(a)(62)(D), substituted reference to Sept. 2, 1974, for reference to the date of enactment of the Employee Retirement Income Security Act of 1974.
Subsecs. (c)(2)(B)(ii), (D), (d)(2), (3). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.
Subsec. (e)(1)(C). Pub. L. 94–455, § 1901(a)(62)(D), substituted reference to Sept. 2, 1974, for reference to the date of enactment of the Employee Retirement Income Security Act of 1974.
Subsec. (e)(2). Pub. L. 94–455, § 1901(a)(62)(E), substituted reference to Sept. 1, 1974, for reference to the date before the date of enactment of the Employee Retirement Income Security Act of 1974.
Amendment by section 114(b) ofPub. L. 109–280applicable to plan years beginning after 2007, see section 114(g)(1) ofPub. L. 109–280, as added by Pub. L. 110–458, set out as a note under section 401 of this title.
Pub. L. 109–280, title VII, § 701(e),Aug. 17, 2006, 120 Stat. 991, as amended by Pub. L. 110–458, title I, § 107(c)(2),Dec. 23, 2008, 122 Stat. 5107, provided that:
“(3) Vesting and interest credit requirements.—In the case of a plan in existence on June 29, 2005, the requirements of clause (i) of section 411(b)(5)(B) of the Internal Revenue Code of 1986, clause (i) of section 204(b)(5)(B) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054
(b)(5)(B)], and clause (i) of section 4(i)(10)(B) of the Age Discrimination in Employment Act of 1967 [29 U.S.C. 623
(i)(10)(B)] (as added by this Act) and the requirements of 203(f)(2) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1053
(f)(2)] and section 411(a)(13)(B) of the Internal Revenue Code of 1986 (as so added) shall, for purposes of applying the amendments made by subsections (a) and (b) [amending this section and sections 1053 and 1054 of Title 29], apply to years beginning after December 31, 2007, unless the plan sponsor elects the application of such requirements for any period on or after June 29, 2005, and before the first year beginning after December 31, 2007.
“(5) Conversions.—The requirements of clause (ii) of section 411(b)(5)(B) of the Internal Revenue Code of 1986, clause (ii) of section 204(b)(5)(B) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054
(b)(5)(B)], and clause (ii) of section 4(i)(10)(B) of the Age Discrimination in Employment Act of 1967 [29 U.S.C. 623
(i)(10)(B)] (as added by this Act), shall apply to plan amendments adopted on or after, and taking effect on or after, June 29, 2005, except that the plan sponsor may elect to have such amendments apply to plan amendments adopted before, and taking effect on or after, such date.
“(6) Special rule for vesting requirements.—The requirements of section 203(f)(2) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1053
(f)(2)] and section 411(a)(13)(B) of the Internal Revenue Code of 1986 (as added by this Act)—
[Pub. L. 110–458, § 107(c)(2)(B)(i), which directed insertion of “the earlier of” after “before” in introductory provisions of section 701(e)(4) ofPub. L. 109–280, set out above, was executed by making the insertion after the second instance of “before” to reflect the probable intent of Congress.]
Amendment by section 902(d)(2)(A), (B) ofPub. L. 109–280applicable to plan years beginning after Dec. 31, 2007, see section 902(g) ofPub. L. 109–280, set out as a note under section 401 of this title.
Pub. L. 109–280, title IX, § 904(c),Aug. 17, 2006, 120 Stat. 1050, provided that:
Pub. L. 107–16, title VI, § 633(c),June 7, 2001, 115 Stat. 116, provided that:
Pub. L. 107–16, title VI, § 645(a)(3),June 7, 2001, 115 Stat. 125, provided that: “The amendments made by this subsection [amending this section and section 1054 of Title 29, Labor] shall apply to years beginning after December 31, 2001.”
Pub. L. 107–16, title VI, § 648(c),June 7, 2001, 115 Stat. 128, provided that: “The amendments made by this section [amending this section, section 457 of this title, and section 1053 of Title 29, Labor] shall apply to distributions after December 31, 2001.”
Pub. L. 105–34, title X, § 1071(c),Aug. 5, 1997, 111 Stat. 948, provided that: “The amendments made by this section [amending this section, sections 417 and 457 of this title, and sections 1053 to 1055 of Title 29, Labor] shall apply to plan years beginning after the date of the enactment of this Act [Aug. 5, 1997].”
Pub. L. 104–188, title I, § 1442(c),Aug. 20, 1996, 110 Stat. 1808, provided that: “The amendments made by this section [amending this section and section 1053 of Title 29, Labor] shall apply to plan years beginning on or after the earlier of—
Pub. L. 103–465, title VII, § 767(d),Dec. 8, 1994, 108 Stat. 5040, as amended by Pub. L. 104–188, title I, § 1449(a),Aug. 20, 1996, 110 Stat. 1813; Pub. L. 105–34, title XVI, § 1604(b)(3),Aug. 5, 1997, 111 Stat. 1097, provided that:
“(2) No reduction in accrued benefits.—A participant’s accrued benefit shall not be considered to be reduced in violation of section 411(d)(6) of the Internal Revenue Code of 1986 or section 204(g) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054
(g)] merely because (A) the benefit is determined in accordance with section 417(e)(3)(A) of such Code, as amended by this Act, or section 205(g)(3) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1055
(g)(3)], as amended by this Act, or (B) the plan applies section 415(b)(2)(E) of such Code, as amended by this Act.
Amendment by section 7861(a)(5)(A), (6)(A) ofPub. L. 101–239effective as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 7863 ofPub. L. 101–239, set out as a note under section 106 of this title.
Pub. L. 101–239, title VII, § 7871(a)(4),Dec. 19, 1989, 103 Stat. 2435, provided that: “The amendments made by this subsection [amending this section and section 1054 of Title 29, Labor] shall take effect as if included in the amendments made by section 9202 of the Omnibus Budget Reconciliation Act of 1986 [Pub. L. 99–509].”
Pub. L. 101–239, title VII, § 7871(b)(3),Dec. 19, 1989, 103 Stat. 2435, provided that: “The amendments made by this subsection [amending this section and section 1002 of Title 29, Labor] shall take effect as if included in the amendments made by section 9203 of the Omnibus Budget Reconciliation Act of 1986 [Pub. L. 99–509].”
Amendment by section 7881(m)(1) ofPub. L. 101–239effective, except as otherwise provided, as if included in the provision of the Pension Protection Act, Pub. L. 100–203, §§ 9302–9346, to which such amendment relates, see section 7882 ofPub. L. 101–239, set out as a note under section 401 of this title.
Amendment by Pub. L. 100–203applicable to plan years beginning after Dec. 31, 1987, with plan amendments not required to be made before first plan year beginning on or after Jan. 1, 1989, if certain conditions are met, see section 9346(c) ofPub. L. 100–203, set out as a note under section 1054 of Title 29, Labor.
Pub. L. 99–514, title XI, § 1113(f), formerly § 1113(e),Oct. 22, 1986, 100 Stat. 2447, as redesignated and amended by Pub. L. 101–239, title VII, § 7861(a)(3), (4),Dec. 19, 1989, 103 Stat. 2430, provided that:
Amendment by section 1114(b)(10) ofPub. L. 99–514applicable to years beginning after Dec. 31, 1988, see section 1114(c)(3) ofPub. L. 99–514, set out as a note under section 414 of this title.
Pub. L. 99–514, title XI, § 1139(d),Oct. 22, 1986, 100 Stat. 2488, as amended by Pub. L. 100–647, title I, § 1011A(k),Nov. 10, 1988, 102 Stat. 3483, provided that:
such reduction shall not be treated as a violation of section 411(d)(6) of the Internal Revenue Code of 1986 or section 204(g) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1054
Pub. L. 99–514, title XVIII, § 1898(a)(1)(C),Oct. 22, 1986, 100 Stat. 2942, provided that: “The amendments made by this paragraph [amending this section and section 1053 of Title 29, Labor] shall apply to contributions made for plan years beginning after the date of the enactment of this Act [Oct. 22, 1986]; except that, in the case of a plan described in section 302(b) of the Retirement Equity Act of 1984 [section 302(b) ofPub. L. 98–397, set out as a note under section 1001 of Title 29], such amendments shall not apply to any plan year to which the amendments made by such Act [see Short Title of 1984 Amendment note set out under section 1001 of Title 29] do not apply by reason of such section 302
Amendment by section 1898(a)(4)(A), (d)(1)(A), (2)(A), (f)(1)(A) ofPub. L. 99–514effective as if included in the provision of the Retirement Equity Act of 1984, Pub. L. 98–397, to which such amendment relates, except as otherwise provided, see section 1898(j) ofPub. L. 99–514, set out as a note under section 401 of this title.
Amendment by section 9202(b) ofPub. L. 99–509applicable only with respect to plan years beginning on or after Jan. 1, 1988, and only to employees who have 1 hour of service in any plan year to which amendment applies, with special rule for collectively bargained plans, and amendment by section 9203(b)(2) ofPub. L. 99–509applicable only with respect to plan years beginning on or after Jan. 1, 1988, and only with respect to service performed on or after such date, see section 9204(a), (b) ofPub. L. 99–509, set out as an Effective and Termination Dates of 1986 Amendments note under section 623 of Title 29, Labor.
Amendment by section 1901(a)(62) ofPub. L. 94–455effective for taxable years beginning after Dec. 31, 1976, see section 1901(d) ofPub. L. 94–455, set out as a note under section 2 of this title.
Pub. L. 109–280, title VII, § 702,Aug. 17, 2006, 120 Stat. 992, provided that: “The Secretary of the Treasury or his delegate shall, not later than 12 months after the date of the enactment of this Act [Aug. 17, 2006], prescribe regulations for the application of the amendments made by, and the provisions of, this title [amending this section and sections 623, 1053, and 1054 of Title 29, Labor, and enacting provisions set out as notes under this section] in cases where the conversion of a plan to an applicable defined benefit plan is made with respect to a group of employees who become employees by reason of a merger, acquisition, or similar transaction.”
Pub. L. 109–280, title XI, § 1102(b),Aug. 17, 2006, 120 Stat. 1056, provided that:
Pub. L. 107–16, title VI, § 645(b)(3),June 7, 2001, 115 Stat. 126, provided that: “Not later than December 31, 2003, the Secretary of the Treasury is directed to issue regulations under section 411(d)(6) of the Internal Revenue Code of 1986 and section 204(g) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054
(g)], including the regulations required by the amendment made by this subsection [amending this section and section 1054 of Title 29, Labor]. Such regulations shall apply to plan years beginning after December 31, 2003, or such earlier date as is specified by the Secretary of the Treasury.”
Secretary of the Treasury or his delegate to issue before Feb. 1, 1988, final regulations to carry out amendments made by sections 1113 and 1114 ofPub. L. 99–514, see section 1141 ofPub. L. 99–514, set out as a note under section 401 of this title.
Secretary of Labor, Secretary of the Treasury, and Equal Employment Opportunity Commission shall each issue before Feb. 1, 1988, final regulations to carry out amendments made by sections 9202 and 9203 ofPub. L. 99–509, see section 9204 ofPub. L. 99–509, set out as a note under section 623 of Title 29, Labor.
Pub. L. 109–280, title VII, § 701(d),Aug. 17, 2006, 120 Stat. 991, as amended by Pub. L. 110–458, title I, § 107(c)(1),Dec. 23, 2008, 122 Stat. 5107, provided that: “Nothing in the amendments made by this section [amending this section and sections 623, 1053, and 1054 of Title 29, Labor] shall be construed to create an inference with respect to—
“(1) the treatment of applicable defined benefit plans or conversions to applicable defined benefit plans under sections 204(b)(1)(H) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054
(b)(1)(H)], 4(i)(1) of the Age Discrimination in Employment Act of 1967 [29 U.S.C. 623
(i)(1)], and 411(b)(1)(H) of the Internal Revenue Code of 1986, as in effect before such amendments, or
“(2) the determination of whether an applicable defined benefit plan fails to meet the requirements of sections 203(a)(2), 204(c), or 205(g) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1053
(a)(2), 1054
(c), 1055
(g)] or sections 411(a)(2), 411(c), or 417(e) of such Code, as in effect before such amendments, solely because the present value of the accrued benefit (or any portion thereof) of any participant is, under the terms of the plan, equal to the amount expressed as the balance in a hypothetical account or as an accumulated percentage of the participant’s final average compensation.
For purposes of this subsection, the term ‘applicable defined benefit plan’ has the meaning given such term by section 203(f)(3) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1053
(f)(3)] and section 411(a)(13)(C) of such Code, as in effect after such amendments.”
Pub. L. 109–280, title XI, § 1107,Aug. 17, 2006, 120 Stat. 1063, provided that:
“(2) except as provided by the Secretary of the Treasury, such pension plan shall not fail to meet the requirements of section 411(d)(6) of the Internal Revenue Code of 1986 and section 204(g) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054
(g)] by reason of such amendment.
Pub. L. 108–218, title I, § 101(c),Apr. 10, 2004, 118 Stat. 598, as amended by Pub. L. 109–280, title III, § 301(c),Aug. 17, 2006, 120 Stat. 920; Pub. L. 110–458, title I, § 103(a),Dec. 23, 2008, 122 Stat. 5103, provided that:
“(B) except as provided by the Secretary of the Treasury, such plan shall not fail to meet the requirements of section 411(d)(6) of the Internal Revenue Code of 1986 and section 204(g) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054
Pub. L. 105–34, title XV, § 1541,Aug. 5, 1997, 111 Stat. 1085, provided that:
“(2) such plan shall not fail to meet the requirements of section 411(d)(6) of the Internal Revenue Code of 1986 or section 204(g) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1054
“(A) pursuant to any amendment made by this title [enacting sections 9811 and 9812 of this title, amending sections 101, 401 to 404, 408, 409, 410, 412, 414, 415, 512, 664, 674, 2055, 2056, 4947, 4972, 4975, 4978, 4979A, 4980D, 9801, 9802, and 9831 of this title, sections 1021, 1022, 1024, 1026 to 1028, 1056, 1082, 1107, 1108, and 1132 of Title 29, Labor, and section 1320b–14 of Title 42, The Public Health and Welfare, renumbering sections 9804 to 9806 of this title as sections 9831 to 9833, respectively, of this title, and amending provisions set out as a note under section 412 of this title] or subtitle H of title X [§§ 1071–1075, amending this section, sections 72, 132, 417, 457, 691, 2013, 2053, 4975, and 6018 of this title, and sections 1053 to 1055 of Title 29 and repealing section 4980A of this title], and
Pub. L. 104–188, title I, § 1449(d),Aug. 20, 1996, 110 Stat. 1814, provided that: “In the case of a plan that was adopted and in effect before December 8, 1994, if—
For provisions directing that if during the period beginning Dec. 22, 1987, and ending June 21, 1988, a plan was amended to reflect the amendments by section 9346 ofPub. L. 100–203and such plan is amended to reflect the amendments by section 7881(m) ofPub. L. 101–239, any plan amendments made to reflect the amendments by section 7881(m) ofPub. L. 101–239shall not be treated as reducing accrued benefits for purposes of subsection (d)(6) of this section or section 1054
(g) of Title 29, Labor, see section 7881(m)(3) ofPub. L. 101–239, set out as a note under section 1054 of Title 29.
For provisions directing that if any amendments made by sections 9202(b) and 9203(b)(2) ofPub. L. 99–509require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 9204 ofPub. L. 99–509, set out as a note under section 623 of Title 29, Labor.
Pub. L. 93–406, title II, § 1012(c),Sept. 2, 1974, 88 Stat. 913, as amended by Pub. L. 99–514, § 2,Oct. 22, 1986, 100 Stat. 2095, provided that: “In the case of any plan maintained on January 1, 1974, if, not later than 2 years after the date of the enactment of this Act [Sept. 2, 1974], the plan administrator petitions the Secretary of Labor, the Secretary of Labor may prescribe an alternate method which shall be treated as satisfying the requirements of subsection (a)(2) ofsection 411 of the Internal Revenue Code of 1986 [formerly I.R.C. 1954], or of subsection (b)(1) (other than subparagraph (D) thereof) of such section 411, or of both such provisions for a period of not more than 4 years. The Secretary may prescribe such alternate method only when he finds that—
“(3) a waiver or extension of time granted under [former] section 412
(d) or (e) would be inadequate.