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LORANCE & THOMPSON A PROFESSIONAL CORPORATION DBPP

PBGC Trusteed Plan · Case 22361000

The LORANCE & THOMPSON A PROFESSIONAL CORPORATION DBPP, a single-employer defined-benefit pension plan sponsored by LORANCE & THOMPSON A PROFESSIONAL CORPORATION of HOUSTON, TX, was terminated on 2012-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2015-06-17. At the date of termination the plan had 81 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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