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Defined Benefit Pension Plan
On November 15, 1984, the partnership established
a defined benefit pension plan for one of its partners,
Mr. Arland T. Stein, who was the sole participant of the
plan. The plan was designated the RSSM/ATS Defined
Benefit Pension Plan #25-0749630/125 (the plan). It became
effective on January 1, 1984, and was amended on January 1,
1985. The plan and the trust that formed a part thereof,
as described below, constituted a qualified pension plan
within the meaning of section 401(a), and the trust was
tax-exempt under section 501(a).
The general administration of the plan and the
responsibility for carrying out its provisions were placed
in the hands of a "committee". The plan document provides
that the committee is to be appointed by the partnership
and "shall consist of, or include, the individual named
on the cover page of the Plan"; viz, Mr. Stein, the sole
participant. There is no evidence that the partnership
appointed any other person to be a member of the committee.
The plan document designates the committee as the
"plan administrator" within the meaning of section 3(16)(A)
of the Employee Retirement Income Security Act of 1974,
Pub. L. 93-406, 88 Stat. 835. Accordingly, the committee
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Last modified: May 25, 2011