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PINEHURST TEXTILES INC SALARIED EES PP

PBGC Trusteed Plan · Case 16363301

The PINEHURST TEXTILES INC SALARIED EES PP, a single-employer defined-benefit pension plan sponsored by PINEHURST TEXTILES INC of ASHEBORO, NC, was terminated on 1992-05-02 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1995-12-01. At the date of termination the plan had 104 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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