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PBGC Trusteed Plan · Case 21762900
The INDEPENDENT FOODS CORPORATION RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by CLARK FOODSERVICE, INC. of Elk Grove Vlg, IL, was terminated on 2010-12-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2011-10-12. At the date of termination the plan had 26 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 |
|---|---|---|
| SIMON BROS., INCORPORATED BARGAINING UNIT EMPLOYEES' RETIREMENT PLA | 2010-12-01 | 120 |
All plans sponsored by EIN 362818616. Full sponsor profile →
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