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LOTZ BROS. DAIRY INC. LOCAL 680 PENSION PLAN

PBGC Trusteed Plan · Case 23698900

The LOTZ BROS. DAIRY INC. LOCAL 680 PENSION PLAN, a single-employer defined-benefit pension plan sponsored by LOTZ BROS. DAIRY INC. of Wallington New Jersey, NJ, was terminated on 2020-02-29 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2020-03-30. At the date of termination the plan had 17 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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