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PBGC Trusteed Plan · Case 17288000
The LINEAL GROUP, INC. RET PLAN, a single-employer defined-benefit pension plan sponsored by LINEAL GROUP, INC. of MURFREESBORO, TN, was terminated on 1995-11-27 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1997-09-15. At the date of termination the plan had 467 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 |
|---|---|---|
| SAMSONITE FURNITURE HOURLY (LINEAL GROUP) | 1995-11-27 | 566 |
| FT. SMITH TABLE (LINEAL GROUP) | 1995-11-27 | 155 |
All plans sponsored by EIN 133346666. Full sponsor profile →
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