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SAYLES BILTMORE BLEACHERIES PLAN SALARIED EES

PBGC Trusteed Plan · Case 14686300

The SAYLES BILTMORE BLEACHERIES PLAN SALARIED EES, 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 213 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 HOURLY PENSION PLAN1991-09-30635

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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