A company is filing for bankruptcy protection and is concerned about the welfare of its sizeable retiree population. Under ERISA, it is obligated to perform which of the following actions regarding its defined benefit plan?
A.
Use proceeds from asset sales to fund the plan liability.
B.
Convert the plan to a portable, hybrid vehicle.
C.
Record a distress termination with the PBGC.
D.
File a 5500 report (bankruptcy amendment) with the DOL.
Chosen Answer:
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