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PBGC Trusteed Plan · Case 1962100
The LEISURE GROUP PLAN FOR HOURLY EES, a single-employer defined-benefit pension plan sponsored by LEISURE GROUP INC of LOS ANGELES, CA, was terminated on 1977-12-09 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1978-05-30. At the date of termination the plan had 164 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 |
|---|---|---|
| LEISURE GROUP SALARIED EMPLOYEES PENSION PLAN | 1977-12-09 | 44 |
All plans sponsored by EIN 952477278. Full sponsor profile →
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