Page:United States Statutes at Large Volume 88 Part 1.djvu/1076

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PUBLIC LAW 93-406-SEPT. 2, 1974

[88 STAT.

ANNUAL REPORT OF PLAN ADMINISTRATOR 29 USC 1365.

SEC. 4065. For each plan year for which section 4021 applies to a plan, the plan administrator shall file with the corporation, on a form prescribed by the corporation, an annual report which identifies the plan and plan administrator and which includes— (1) a copy of each notification required under section 4063 with respect to such year, and (2) a statement disclosing whether any reportable event (described in section 4043(b)) occurred during the plan year. The report shall be filed within 6 months after the close of the plan year to which it relates. The corporation shall cooperate with the Secretary of the Treasury and the Secretary of Labor in an endeavor to coordinate the timing and content, and possibly obtain the combination, of reports under this section with reports required to be made by plan administrators to such Secretaries. ANNUAL NOTIFICATION TO SUBSTANTIAL EMPLOYERS

29 USC 1366.

Ante, p. 1003.

SEC. 4066. The plan administrator of each plan under which contributions are made by more than one employer shall notify, within 6 months after the close of each plan year, any employer making contributious under that plan who is described in section 4001(a)(2) that he is a substantial employer for that year. RECOVERY OF E M P L O Y E R L I A B I L I T Y FOR P L A N

29 USC 1367.

TERMINATION

SEC. 4067. The corporation is authorized to make arrangements with employers who are liable under section 4062, 4063, or 4064 for payment of their liability, including arrangements for deferred payment on such terms and for such periods as the corporation deems equitable and appropriate. LIEN FOR LIABILITY OF EMPLOYER

29 USC 1368.

26 USC 6323.

SEC. 4068. (a) If any employer or employers liable to the corporation under section 4062, 4063, or 4064 neglect or refuse to pay, after demand, the amount of such liability (including interest), there shall be a lien in favor of the corporation upon all property and rights to property, whether real or personal, belonging to such employer or employers. (b) The lien imposed by subsection (a) arises on the date of termination of a plan, and continues until the liability imposed under section 4062, 4063, or 4064 is satisfied or becomes unenforceable by reason of lapse of time. (c)(1) Except as otherwise provided under this section, the priority of the lien imposed under subsection (a) shall be determined in the same manner as under section 6323 of the Internal Revenue Code of 1954. Such section 6323 shall be applied by substituting "lien imposed by section 4068 of the Employee Retirement Income Security Act of 1974" for "lien imposed by section 6321"; "corporation" for "Secretary or his delegate"; "employer liability lien" for "tax lien"; "employer" for "taxpayer"; "lien arising under section 4068(a) of the Employee

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