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PBGC Trusteed Plan · Case 18796500
The GILBERT & BENNETT RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by GILBERT & BENNETT MFG CO of GEORGETOWN, CT, was terminated on 1998-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-07-29. At the date of termination the plan had 508 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.
| Plan | Terminated | Participants |
|---|---|---|
| GILBERT & BENNETT MFG CO INC RET INC PL FOR HRLY PAD EES | 1998-10-31 | 91 |
All plans sponsored by EIN 60361850. Full sponsor profile →
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