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KETCHUM DISTRIBUTORS

PBGC Trusteed Plan · Case 19505900

The KETCHUM DISTRIBUTORS, a single-employer defined-benefit pension plan sponsored by NEUMAN DISTRIBUTORS INC. of LIVINGSTON, NJ, was terminated on 2001-06-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2002-06-25. At the date of termination the plan had 90 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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