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PBGC Trusteed Plan · Case 19242200
The R AND M ENTERPRISES INC., a single-employer defined-benefit pension plan sponsored by R AND M ENTERPRISES INC. of LAS VEGAS, NV, was terminated on 1999-04-07 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2001-03-08. At the date of termination the plan had 13 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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