1. Regulations
  2. title 29
  3. chapter XL
  4. part 4302
  5. § 4302.1

Collapse to view only § 4302.1 - Purpose and scope.

§ 4302.1 - Purpose and scope.

This part specifies the maximum daily amount of penalties for which a person may be liable to the PBGC under ERISA section 4302 for certain failures to provide multiemployer plan notices, 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), 1452.

SOURCE: 62 FR 36995, July 10, 1997, unless otherwise noted.

CITE AS: 29 CFR 4302.1

§ 4302.2 - Definitions.

The following terms are defined in § 4001.2 of this chapter: ERISA, multiemployer plan, 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), 1452.

SOURCE: 62 FR 36995, July 10, 1997, unless otherwise noted.

CITE AS: 29 CFR 4302.2

§ 4302.3 - Penalty amount.

The maximum daily amount of the penalty under section 4302 of ERISA shall be $356.

[62 FR 36995, July 10, 1997, as amended at 81 FR 29767, 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), 1452.

SOURCE: 62 FR 36995, July 10, 1997, unless otherwise noted.

CITE AS: 29 CFR 4302.3