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SAYLES BILTMORE BLEACHERIES HOURLY PENSION PLAN

PBGC Trusteed Plan · Case 14686100

The SAYLES BILTMORE BLEACHERIES HOURLY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by SAYLES-BILTMORE BLEACHERIES CO ROBERTS STEVENS & COGBURN of ASHEVILLE, NC, was terminated on 1991-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1994-08-25. At the date of termination the plan had 635 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.

Other plans from the same sponsor

PlanTerminatedParticipants
SAYLES BILTMORE BLEACHERIES PLAN SALARIED EES1991-09-30213

All plans sponsored by EIN 561022553. Full sponsor profile →

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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