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PBGC Trusteed Plan · Case 20674000
The M HYMAN & SON INC. RET PLAN FOR SAL EMPS, a single-employer defined-benefit pension plan sponsored by M HYMAN & SON INC. of MOUNT PROSPECT, IL, was terminated on 2005-12-16 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2006-07-10. At the date of termination the plan had 34 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 |
|---|---|---|
| HYMAN & SON INC. RET PLAN NON-SALARIED | 2005-12-16 | 30 |
All plans sponsored by EIN 362590699. Full sponsor profile →
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