Section 4041.50 - Closeout of planIf a plan administrator receives a distribution notice from the PBGC pursuant to § 4041.47 and neither the plan administrator nor the PBGC makes the finding described in § 4041.49(b) or (d) , the plan administrator must distribute plan assets in accordance with § 4041.28 and file a post-distribution certification in accordance with § 4041.29 , except that-
(a) The term "plan benefits" is replaced with "title IV benefits";(b) For purposes of applying the distribution deadline in § 4041.28(a)(1)(i) , the phrase "after the expiration of the PBGC's 60-day (or extended) review period under § 4041.26(a) " is replaced with "the day on which the plan administrator completes the issuance of the notices of benefit distribution pursuant to § 4041.48(a) "; and(c) For purposes of applying the distribution deadline in § 4041.28(a)(1)(ii) , the phrase "the requirements of § 4041.25(c) " is replaced with "the requirements of § 4041.48(d) ".