29 CFR Part 4302

Part 4302—Penalties for Failure to Provide Certain Multiemployer Plan Notices

Labor · Chapter XL, Chapter XL—Pension Benefit Guaranty Corporation · Subchapter K

29 CFR Part 4302

Official text on eCFR ↗

Words: 93
Sections: 3
Last amended: January 8, 2025
Administered by: Pension Benefit Guaranty Corporation

29 CFR Part 4302

Text as published by eCFR on 2026-07-30.

PART 4302—PENALTIES FOR FAILURE TO PROVIDE CERTAIN MULTIEMPLOYER PLAN NOTICES

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.

§ 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.

§ 4302.2 Definitions.

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

§ 4302.3 Penalty amount.

The maximum daily amount of the penalty under section 4302 of ERISA shall be $365.

[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; 90 FR 1374, Jan. 8, 2025]