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FIRST STATE BANK OF KING CITY

PBGC Trusteed Plan · Case 11788500

The FIRST STATE BANK OF KING CITY, a single-employer defined-benefit pension plan sponsored by FIRST STATE BANK KING CITY of ST JOSEPH, MO, was terminated on 1988-03-10 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1993-07-20. At the date of termination the plan had 12 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.

References

1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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