Federal Register - January 8, 2021
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Source: Federal Register
1277
Federal Register / Vol. 86, No. 5 / Friday, January 8, 2021 / Rules and Regulations Rate history group Row number
Regulatory reference in 4211.14d
Description of action
Z
Employer A
Employer B1
Employer C
2018 contribution rate excluding disregarded increases.
2018 CBUs
Adjusted employer contributions 1x2.
$0.87 per CBU
$0.43 per CBU
$0.70 per CBU
100,000
$87,000
50,000
$21,500
60,000
$42,000
1
6ii
2
3
6i
6
4
7i
Sum of adjusted contributions for proxy employers by rate history group.
$108,500
5
7ii
Unadjusted contributions for proxy employers.
$100,000
6
7ii
Sum of unadjusted contributions for proxy employers by rate history group.
$125,000
$45,000
7
7
Adjustment factor by rate history group 4/6.
0.868
0.933
8
7
Total actual contributions by rate history group.
$740,000
$240,000
9
7
Adjusted contributions by rate history group 7x8.
$642,320
$223,920
10
8i
Sum of adjusted contributions for rate history groups represented in proxy group.
$866,240
11
8ii
Total actual contributions for rate history groups represented in proxy group.
$980,000
12
8
Adjustment factor for plan 10/11
0.884
13
8
Total plan contributions
$1,000,000
14
8
Adjusted plan contributions for allocation fraction denominators 12x13.
$884,000
4219.1
PART 4219NOTICE, COLLECTION, AND REDETERMINATION OF
WITHDRAWAL LIABILITY
28. The authority citation for part 4219 continues to read as follows:
Authority: 29 U.S.C. 1302b3 and 1399c6.
29. In 4219.1:
a. Amend paragraph a by adding two sentences at the end of the paragraph;
b. Amend paragraph b1 by removing in the third sentence shall and adding in its place does;
c. Amend paragraph b2 by removing in the second sentence shall cease and adding in its place cease;
d. Amend paragraph c by removing in the second sentence whom and adding in its place which.
The additions read as follows:
tkelley on DSKBCP9HB2PROD with RULES
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VerDate Sep<11>2014
16:26 Jan 07, 2021
Jkt 253001
Purpose and scope.
Amended
30. In 4219.2:
a. Amend paragraph a by removing multiemployer plan, and adding in its place multiemployer plan, nonforfeitable benefit,;
b. Amend the definition of Mass withdrawal valuation date by removing the last sentence of the definition;
PO 00000
Frm 00025
Fmt 4700
Sfmt 4700
$25,000
$45,000
c. Amend the definition of Reallocation record date by removing shall be and adding in its place is;
d. Amend the definition of Unfunded vested benefits by removing a plans vested nonforfeitable benefits as defined for purposes of this section and adding in its place a plans nonforfeitable benefits.
31. Add 4219.3 to read as follows:
a Section 4219c of ERISA
requires a withdrawn employer to make annual withdrawal liability payments at a set rate over the number of years necessary to amortize its withdrawal liability, generally limited to a period of 20 years. This subpart provides rules for disregarding certain contribution increases in determining the highest contribution rate under section 4219c of ERISA.
4219.2
$42,000
4219.3 Disregarding certain contributions.
a General rule. For purposes of determining the highest contribution rate under section 4219c of ERISA, a plan must disregard:
1 Surcharge. Any surcharge under section 305e7 of ERISA and section 432e7 of the Code the obligation for which accrues on or after December 31, 2014.
2 Contribution increase. Any increase in the contribution rate or other increase in contribution requirements
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