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RETIREMENT INCOME PLAN FOR HOURLY EMPLOYEES OF API INDUSTRIES INC

PBGC Trusteed Plan · Case 20995900

The RETIREMENT INCOME PLAN FOR HOURLY EMPLOYEES OF API INDUSTRIES INC, a single-employer defined-benefit pension plan sponsored by LTMM INC of ELMHURST, IL, was terminated on 2007-06-25 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-01-06. At the date of termination the plan had 97 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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