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PBGC Trusteed Plan · Case 18892700
The AMERICAN FUND RAISING SERVICES., INC. EES RET PLAN, a single-employer defined-benefit pension plan sponsored by AMERICAN FUND RAISING SERVICES, INC. of NATICK, MA, was terminated on 1994-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-06-02. At the date of termination the plan had 40 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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