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PURPLE SHIELD LIFE INSURANCE CO EMPLOYEES DBPP

PBGC Trusteed Plan · Case 10943200

The PURPLE SHIELD LIFE INSURANCE CO EMPLOYEES DBPP, a single-employer defined-benefit pension plan sponsored by PURPLE SHIELD LIFE INS CO INC of BATON ROUGE, LA, was terminated on 1987-05-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1992-08-19. At the date of termination the plan had 36 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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