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DEFINED BENEFIT PENSION PLAN AND RETIREMENT TRUST OF HOBBS & BLACK ASSOCIATES INC

PBGC Trusteed Plan · Case 23397000

The DEFINED BENEFIT PENSION PLAN AND RETIREMENT TRUST OF HOBBS & BLACK ASSOCIATES INC, a single-employer defined-benefit pension plan sponsored by HOBBS + BLACK ASSOCIATES INC of ANN ARBOR, MI, was terminated on 2016-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2019-02-11. At the date of termination the plan had 50 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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