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29 U.S.C. § 1030 — Alternative methods of compliance
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Secretary on his own motion or after having received the petition of an administrator may prescribe an alternative method for satisfying any requirement of this part with respect to any pension plan, or class of pension plans (including pension-linked emergency savings account features within a pension plan), subject to such requirement if he determines—
(1) that the use of such alternative method is consistent with the purposes of this subchapter and that it provides adequate disclosure to the participants and beneficiaries in the plan, and adequate reporting to the Secretary,
(2) that the application of such requirement of this part would—
(A) increase the costs to the plan, or
(B) impose unreasonable administrative burdens with respect to the operation of the plan, having regard to the particular characteristics of the plan or the type of plan involved; and
(3) that the application of this part would be adverse to the interests of plan participants in the aggregate.
**(b)** An alternative method may be prescribed under subsection (a) by regulation or otherwise. If an alternative method is prescribed other than by regulation, the Secretary shall provide notice and an opportunity for interested persons to present their views, and shall publish in the Federal Register the provisions of such alternative method.
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Source file: Laws/federal/codes/united-states-code/title-29/section-1030-alternative-methods-of-compliance--35da3bfa75.md
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Source location: Title 29, Chapter 18, § 1030; chapter-018-employee-retirement-income-security-program.md
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**(a)** The Secretary on his own motion or after having received the petition of an administrator may prescribe an alternative method for satisfying any requirement of this part with respect to any pension plan, or class of pension plans (including pension-linked emergency savings account features within a pension plan), subject to such requirement if he determines—
(1) that the use of such alternative method is consistent with the purposes of this subchapter and that it provides adequate disclosure to the participants and beneficiaries in the plan, and adequate reporting to the Secretary,
(2) that the application of such requirement of this part would—
(A) increase the costs to the plan, or
(B) impose unreasonable administrative burdens with respect to the operation of the plan, having regard to the particular characteristics of the plan or the type of plan involved; and
(3) that the application of this part would be adverse to the interests of plan participants in the aggregate.
**(b)** An alternative method may be prescribed under subsection (a) by regulation or otherwise. If an alternative method is prescribed other than by regulation, the Secretary shall provide notice and an opportunity for interested persons to present their views, and shall publish in the Federal Register the provisions of such alternative method.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rules for annuities**
(1) **Income inclusion** — Except as otherwise provided in this chapter, gross income includes any amount received as an annuity (whether for a period certain or during one or more lives) under an annuity, endowment, or life insurance contract.
(2) **Partial annuitization** — If any amount is received as an annuity for a period of 10 years or more or during one or more lives under any portion of an annuity, endowment, or life insurance contract—
(A) such portion shall be treated as a separate contract for purposes of this section,
(B) for purposes of applying subsections (b), (c), and (e), the investment in the contract shall be allocated pro rata between each portion of the contract from which amounts are received as an annuity and the portion of the contract from which amounts are not received as an annuity, and
(C) a separate annuity starting date under subsection (c)(4) shall be determined with respect to each portion of the contract from which amounts are received as an annuity.
**(b) Exclusion ratio**
(1) **In general** — Gross income does not include that part of any amount received as an annuity under an annuity, endowment, or life insurance contract which bears the same ratio to such amount as the investment in the contract (as of the annuity starting date) bears to the expected return under the contract (as of such date).
(2) **Exclusion limited to investment** — The portion of any amount received as an annuity which is excluded from gross income under paragraph (1) shall not exceed the unrecovered investment in the contract immediately before the receipt of such amount.
(3) **Deduction where annuity payments cease before entire investment recovered**
(A) *In general* — If—
(i) after the annuity starti
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 72
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Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) The Welfare and Pension Plans Disclosure Act [[29 U.S.C. 301](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section301&num=0&edition=prelim) et seq.] is repealed except that such Act shall continue to apply to any conduct and events which occurred before the effective date of this part.
(2)
(A) [Section 664 of title 18](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section664&num=0&edition=prelim) is amended by striking out “any such plan subject to the provisions of the Welfare and Pension Plans Disclosure Act” and inserting in lieu thereof “any employee benefit plan subject to any provisions of title I of the Employee Retirement Income Security Act of 1974”.
(B)
(i) Section 1027 of such title 18 is amended by striking out “Welfare and Pension Plans Disclosure Act” and inserting in lieu thereof “title I of the Employee Retirement Income Security Act of 1974”, and by striking out “Act” each place it appears and inserting in lieu thereof “title”.
(ii) The heading for such section is amended by striking out “welfare and pension plans disclosure act” and inserting in lieu thereof “employee retirement income security act of 1974”.
(iii) The table of sections of chapter 47 of such title 18 is amended by striking out “Welfare and Pension Plans Disclosure Act” in the item relating to section 1027 and inserting in lieu thereof “Employee Retirement Income Security Act of 1974”.
(C) Section 1954 of such title 18 is amended by striking out “any plan subject to the provisions of the Welfare and Pension Plans Disclosure Act as amended” and inserting in lieu thereof “any employee welfare benefit plan or employee pension benefit plan, respectively, subject to any provision of title I of the Employee Re
Source: Supplied U.S. Code snapshot — release unconfirmed · 29 U.S.C. § 1031
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Notification that event has occurred** Within 30 days after the plan administrator or the contributing sponsor knows or has reason to know that a reportable event described in subsection (c) has occurred, he shall notify the corporation that such event has occurred, unless a notice otherwise required under this subsection has already been provided with respect to such event. The corporation is authorized to waive the requirement of the preceding sentence with respect to any or all reportable events with respect to any plan, and to require the notification to be made by including the event in the annual report made by the plan.
**(b) Notification that event is about to occur**
(1) The requirements of this subsection shall be applicable to a contributing sponsor if, as of the close of the preceding plan year—
(A) the aggregate unfunded vested benefits (as determined under [section 1306(a)(3)(E)(iii) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section1306/a/3/E/iii&num=0&edition=prelim)) of plans subject to this subchapter which are maintained by such sponsor and members of such sponsor’s controlled groups (disregarding plans with no unfunded vested benefits) exceed $50,000,000, and
(B) the funded vested benefit percentage for such plans is less than 90 percent.
For purposes of subparagraph (B), the funded vested benefit percentage means the percentage which the aggregate value of the assets of such plans bears to the aggregate vested benefits of such plans (determined in accordance with [section 1306(a)(3)(E)(iii) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section1306/a/3/E/iii&num=0&edition=prelim)).
(2) This subsection shall not apply to an event if the contributing sponsor
Source: Supplied U.S. Code snapshot — release unconfirmed · 29 U.S.C. § 1343
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Federal law — U.S. Code and appendices · legal_authorities
Page 401
TITLE 29—LABOR
§ 1030a
vision of the Employee Retirement Income Security
Act of 1974, Pub. L. 93–406, to which such amendment
relates, see section 7894(i) of Pub. L. 101–239, set out as
a note under section 1002 of this title.
REGULATIONS
Secretary authorized, effective Sept. 2, 1974, to pro-
mulgate regulations wherever provisions of this sub-
chapter call for the promulgation of regulations, see
section 1031 of this title.
§ 1029. Forms
(a) Information required on forms
Except as provided in subsection (b) of this
section, the Secretary may require that any in-
formation required under this subchapter to be
submitted to him, including but not limited to
the information required to be filed by the ad-
ministrator pursuant to section 1023(b)(3) and (c)
of this title, must be submitted on such forms as
he may prescribe.
(b) Information not required on forms
The financial statement and opinion required
to be prepared by an independent qualified pub-
lic accountant pursuant to section 1023(a)(3)(A)
of this title, the actuarial statement required to
be prepared by an enrolled actuary pursuant to
section 1023(a)(4)(A) of this title and the sum-
mary plan description required by section
1022(a) of this title shall not be required to be
submitted on forms.
(c) Format and content of summary plan descrip-
tion, annual report, etc., required to be fur-
nished to plan participants and beneficiaries
The Secretary may prescribe the format and
content of the summary plan description, the
summary of the annual report described in sec-
tion 1024(b)(3) of this title and any other report,
statements or documents (other than the bar-
gaining agreement, trust agreement, contract,
or other instrument under which the plan is es-
tablished or operated), w
Source: Supplied 2024 U.S. Code historical extraction · 29 U.S.C. § 1030
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