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CFR  

Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 29  

Labor

 

Chapter XXV  

Pension and Welfare Benefits Administration, Department of Labor

 

 

Part 2570  

Procedural Regulations Under the Employee Retirement Income Security Act

 

 

 

Subpart E  

Procedures for the Assessment of Civil Penalties Under ERISA Section 502(c)(5)


29 CFR 2570.94 - Consequences of default.

  • Section Number: 2570.94
  • Section Name: Consequences of default.

    For 502(c)(5) civil penalty proceedings, this section shall apply 
in lieu of Sec. 18.5 (a) and (b) of this title. Failure of the 
respondents to file an answer to the notice of determination described 
in Sec. 2560.502c-5(g) within the 30-day period provided by 
Sec. 2560.502c-5(h) shall be deemed to constitute a waiver of his or 
her right to appear and contest the allegations of the notice of 
determination, and such failure shall be deemed to be an admission of 
the facts as alleged in the notice for purposes of any proceeding 
involving the assessment of a civil penalty under section 502(c)(5). 
Such notice shall then become a final order of the Secretary.
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