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HICKORY WHITE CO. EMP PP / WHITE OF MEBANE DIV

PBGC Trusteed Plan · Case 18129500

The HICKORY WHITE CO. EMP PP / WHITE OF MEBANE DIV, a single-employer defined-benefit pension plan sponsored by WHITE OF MEBANE of MEBANE, NC, was terminated on 1997-03-17 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-07-13. At the date of termination the plan had 563 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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