1. Regulations
  2. title 29
  3. chapter XL
  4. part 4071
  5. § 4071.1

Collapse to view only § 4071.1 - Purpose and scope.

§ 4071.1 - Purpose and scope.

This part specifies the maximum daily amount of penalties that may be assessed by the PBGC under ERISA section 4071 for certain failures to provide notices or other material information, as such amount has been adjusted to account for inflation pursuant to the Federal Civil Monetary Penalty Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996.

AUTHORITY: 28 U.S.C. 2461 note, as amended by sec. 701, Pub. L. 114-74, 129 Stat. 599-601; 29 U.S.C. 1302(b)(3), 1371.

SOURCE: 62 FR 36994, July 10, 1997, unless otherwise noted.

CITE AS: 29 CFR 4071.1

§ 4071.2 - Definitions.

The following terms are defined in § 4001.2 of this chapter: ERISA and PBGC.

AUTHORITY: 28 U.S.C. 2461 note, as amended by sec. 701, Pub. L. 114-74, 129 Stat. 599-601; 29 U.S.C. 1302(b)(3), 1371.

SOURCE: 62 FR 36994, July 10, 1997, unless otherwise noted.

CITE AS: 29 CFR 4071.2

§ 4071.3 - Penalty amount.

The maximum daily amount of the penalty under section 4071 of ERISA shall be $2,670.

[62 FR 36994, July 10, 1997, as amended at 81 FR 29766, May 13, 2016; 82 FR 8814, Jan. 31, 2017; 83 FR 1556, Jan. 12, 2018; 83 FR 67074, Dec. 28, 2018; 85 FR 2305, Jan. 15, 2020; 86 FR 2542, Jan. 13, 2021; 87 FR 2341, Jan. 14, 2022; 88 FR 1992, Jan. 12, 2023; 89 FR 2133, Jan. 12, 2024]

AUTHORITY: 28 U.S.C. 2461 note, as amended by sec. 701, Pub. L. 114-74, 129 Stat. 599-601; 29 U.S.C. 1302(b)(3), 1371.

SOURCE: 62 FR 36994, July 10, 1997, unless otherwise noted.

CITE AS: 29 CFR 4071.3