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PBGC Trusteed Plan · Case 298500
The RETAIL CLERKS REGIONAL PENSION MANGELS STORES, a single-employer defined-benefit pension plan sponsored by LANDIS SUPERMARKETS, INC. (LANDIS SHOPRITE) of VINELAND, NJ, was terminated on 1975-07-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1982-02-23. At the date of termination the plan had 87 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 |
|---|---|---|
| RETAIL CLERKS REGIONAL PENSION MANGELS STORES | 1975-05-31 | 480 |
All plans sponsored by EIN 166062287. Full sponsor profile →
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