§ 4043.62. Change in controlled group.
120 words·~1 min read·
/us/cfr/t29/s§ 4043.62·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Reportable event. Advance notice is required for a change in a plan's controlled group, as described in § 4043.29(a).
(b)Waivers---(1) Small and mid-size plans. Notice under this section is waived with respect to a change of contributing sponsor if the transferred plan has fewer than 500 participants.
(2)De minimis 5-percent segment. Notice under this section is waived if the person or persons that will cease to be members of the plan's controlled group represent a de minimis 5-percent segment of the plan's old controlled group for the most recent fiscal year(s) ending on or before the effective date of the reportable event. \[80 FR 55002, Sept. 11, 2015, as amended at 90 FR 39328, Aug. 15, 2025\]