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JACOB LEVY & BROTHERS RP & TRUST

PBGC Trusteed Plan · Case 19021100

The JACOB LEVY & BROTHERS RP & TRUST, a single-employer defined-benefit pension plan sponsored by JACOB LEVY & BROTHERS of LOUISVILLE, KY, was terminated on 1999-05-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-08-09. 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.

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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