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PBGC Trusteed Plan · Case 18551700
The RICKEL HOME CENTERS, INC./LOCAL 478 PENSION PLAN, a single-employer defined-benefit pension plan sponsored by RICKEL HOME CENTERS, INC. of SOUTH PLAINFIELD, NJ, was terminated on 1997-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1998-06-02. At the date of termination the plan had 155 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 |
|---|---|---|
| RICKEL HOME CENTERS, INC. PENSION PLAN | 1998-03-02 | 1,743 |
All plans sponsored by EIN 133781980. Full sponsor profile →
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