| | 80-2 |
| | March 5, 1980 |
| | REFERENCE: |
| | 4003(b) Investigatory Authority; Cooperation with other Agencies; Civil Actions. Subpoena Power |
| | 4003(e)(1) Investigatory Authority; Cooperation with other Agencies; Civil Actions Maintainable by PBGC |
| | 4044 Allocation of Assets |
| | OPINION: |
| | The Office of the General Counsel of the Pension Benefit Guaranty Corporation (the "PBGC") requested by letter dated |
| | December 7, 1979, that you furnish the PBGC with post-distribution information regarding each plan participant and the |
| | distribution made to that individual. We informed you that, as Plan Administrator, you were obligated to provide the PBGC |
| | with this information pursuant to the Plan Administrator's Certification of Sufficiency which you executed. A copy of that |
| | executed document, which in paragraph "8" sets forth the exact items of information required, was enclosed with our letter. |
| | We further advised you that the PBGC is authorized to redress violations of Title IV of the Employee Retirement Income |
| | Security Act of 1974 ("ERISA"), including violations of § 4044, arising from the failure of the Plan Administrator to submit |
| | documents he is required by law to submit to the PBGC. ERISA § 4003(e)(2). The PBGC requested the information |
| | within 14 days from receipt of our letter. |
| | The requested information was not received by the PBGC within the specified time nor were other suitable arrangements |
| | made by you. * * * of this office spoke with you and informed you that we were in the process of drawing up a subpoena |
| | for the information and that if we did not receive the required information within the next few days the subpoena would be |
| | issued. The information was still not submitted. |
| | We are enclosing a subpoena directing you to produce the required post-distribution information by March 18, 1980. The |
| | subpoena can be satisfied by mailing the materials called for to * * * prior to the return date listed on the subpoena, rather |
| | than by appearing personally with the documents. |
| | Please take note that: (1) the General Counsel is authorized to negotiate and approve the terms of satisfactory compliance |
| | with this subpoena; (2) service of this subpoena is complete upon delivery by the post office and the signed and dated |
| | post office receipt shall be proof of service; and (3) any person compelled to appear in person in response to this |
| | subpoena shall be paid the same fees and mileage as are paid witnesses in the courts of the United States. |
| | Please feel free to direct any questions to * * * at (202) 254-4895 or at the above address. |
| | Mitchell Strickler |
| | Deputy General Counsel |