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PBGC Trusteed Plan · Case 12935601
The TENNESSEE TEXTILE INC RETIRMENT PLAN FOR SAL., a single-employer defined-benefit pension plan sponsored by TENNESSEE TEXTILES INC of JACKSON, TN, was terminated on 1990-05-08 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-08-27. At the date of termination the plan had 54 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 |
|---|---|---|
| TENNESSEE TEXTILE INC RETIREMENT PLAN FOR HOURLY | 1990-05-08 | 587 |
All plans sponsored by EIN 621086563. Full sponsor profile →
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