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SAMMONS AND SONS

PBGC Trusteed Plan · Case 16228400

The SAMMONS AND SONS, a single-employer defined-benefit pension plan sponsored by DANIEL I. BURK ENTERPRISES, INC. of LONG BEACH, CA, was terminated on 1991-04-12 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1996-10-30. At the date of termination the plan had 19 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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