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PBGC Trusteed Plan · Case 10197301
The CUSTOM RESTAURANT CORP RETIREMENT INCOME PLAN SAL, a single-employer defined-benefit pension plan sponsored by CUSTOM RESTAURANT CORP of KINGSTON, PA, was terminated on 1986-09-12 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-11-30. At the date of termination the plan had 42 participants — current and former employees with vested retirement benefits.
When PBGC trustees a plan, it assumes responsibility for paying guaranteed retirement benefits to participants up to statutory maximums. Plans are typically trusteed after the sponsor enters bankruptcy or otherwise becomes unable to meet pension obligations.
| Plan | Terminated | Participants |
|---|---|---|
| CUSTOM RESTAURANT CORPORATION HOURLY PENSION PROG. | 1986-09-12 | 227 |
All plans sponsored by EIN 251404474. Full sponsor profile →
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