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BAILEY LUMBER CO

PBGC Trusteed Plan · Case 12235801

The BAILEY LUMBER CO, a single-employer defined-benefit pension plan sponsored by BAILEY LUMBER CO of BLUEFIELD, WV, was terminated on 1989-07-11 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1993-07-22. At the date of termination the plan had 139 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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