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PBGC Trusteed Plan · Case 17673200
The MAURICE LENELL COOKY CO. SALARIED RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by MAURICE LENELL/HEARTHSIDE BAKING CO., INC. of CHICAGO, IL, was terminated on 1997-07-10 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-01-05. At the date of termination the plan had 9 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.
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