If a plan administrator receives a distribution notice from the PBGC pursuant to Sec. 4041.47 and neither the plan administrator nor the PBGC makes the finding described in Sec. 4041.49(b) or (d), the plan administrator must distribute plan assets in accordance with Sec. 4041.28 and file a post-distribution certification in accordance with Sec. 4041.29, except that--
(a) The term ``plan benefits'' is replaced with ``title IV benefits'';
(b) For purposes of applying the distribution deadline in Sec. 4041.28(a)(1)(i), the phrase ``after the expiration of the PBGC's 60-day (or extended) review period under Sec. 4041.26(a)'' is replaced with ``the day on which the plan administrator completes the issuance of the notices of benefit distribution pursuant to Sec. 4041.48(a)''; and
(c) For purposes of applying the distribution deadline in Sec. 4041.28(a)(1)(ii), the phrase ``the requirements of Sec. 4041.25(c)'' is replaced with ``the requirements of Sec. 4041.48(d)''.