{"data":{"id":"us/29-cfr-4044.41","jurisdiction":"us","citation":"29 CFR 4044.41","heading":"General valuation rules.","body":"(a) Valuation of benefits—(1) Trusteed plans. The plan administrator of a plan that has been or will be placed into trusteeship by the PBGC shall value plan benefits in accordance with §§ 4044.51 through 4044.58.\n(2) Non-trusteed plans. The plan administrator of a non-trusteed plan shall value plan benefits in accordance with §§ 4044.71 through 4044.75. If a plan is unable to satisfy all benefits assigned to priority categories 1 through 4 on the distribution date, the PBGC will place it into trusteeship and the plan administrator shall re-value the benefits in accordance with §§ 4044.51 through 4044.58.\n(b) Valuation of assets. Plan assets generally will be valued at their fair market value as defined in § 4001.2 of this chapter. As appropriate, plan assets will be valued at their fair value in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP).","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 B—Valuation of Benefits and 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":"2b878c1b921842485ac82c7e8876e8a5a8b4dcf1401918ed7ed742d3cfc719ca","source_id":"us-cfr","stale":true,"prev":"us/29-cfr-4044.30","next":"us/29-cfr-4044.51"},"notice":"GroundRules: Original legal text. Not legal advice."}