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GULF RESOURCES AND CHEMICAL PENSION PLAN

PBGC Trusteed Plan · Case 16355600

The GULF RESOURCES AND CHEMICAL PENSION PLAN, a single-employer defined-benefit pension plan sponsored by GULF RESOURCES & CHEMICAL CORP of BOSTON, MA, was terminated on 1993-10-18 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1996-01-04. At the date of termination the plan had 105 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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