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PENSION PLAN FOR THE EMPLOYEES OF LOWE FARMS

PBGC Trusteed Plan · Case 22184300

The PENSION PLAN FOR THE EMPLOYEES OF LOWE FARMS, a single-employer defined-benefit pension plan sponsored by JIM LOWE FARMING COMPANY, INC. of LEMOORE, CA, was terminated on 2012-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2013-08-12. At the date of termination the plan had 79 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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