{"data":{"id":"us/29-cfr-4044.11","jurisdiction":"us","citation":"29 CFR 4044.11","heading":"Priority category 1 benefits.","body":"(a) Definition. The benefits in priority category 1 are participants' accrued benefits derived from voluntary employee contributions.\n(b) Assigning benefits. Absent an election described in the next sentence, the benefit assigned to priority category 1 with respect to each participant is the balance of the separate account maintained for the participant's voluntary contributions. If a participant has elected to receive an annuity in lieu of his or her account balance, the benefit assigned to priority category 1 with respect to that participant is the present value of that annuity.","path":["Title 29—Labor","Subtitle B—Regulations Relating to Labor","CHAPTER XL—PENSION BENEFIT GUARANTY CORPORATION","SUBCHAPTER E—PLAN TERMINATIONS","PART 4044—ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS","Subpart A—Allocation of Assets"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-29.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:20Z","sha256":"89a52022e8ea8f94b8abd63cf01402792f1b79f263c2e45a107e5f1acdc80306","source_id":"us-cfr","stale":true,"prev":"us/29-cfr-4044.10","next":"us/29-cfr-4044.12"},"notice":"GroundRules: Original legal text. Not legal advice."}