Code of Federal Regulations Title 29. Labor § 29.4043.62 Change in contributing sponsor or controlled group

(1) Small and mid-size plans. Notice under this section is waived with respect to a change of contributing sponsor if the transferred plan has fewer than 500 participants.

(2) De minimis 5–percent segment. Notice under this section is waived if the person or persons that will cease to be members of the plan's controlled group represent a de minimis 5–percent segment of the plan's old controlled group for the most recent fiscal year(s) ending on or before the effective date of the reportable event.