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LEON NAQUIN & SONS PENSION PLAN

PBGC Trusteed Plan · Case 12602100

The LEON NAQUIN & SONS PENSION PLAN, a single-employer defined-benefit pension plan sponsored by LEON NAQUIN ANS SON INC of THIBODAUX, LA, was terminated on 1988-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-02-21. At the date of termination the plan had 17 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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