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SCT YARNS, INC. RETIREMENT PLAN FOR SALARIED EMPLOYEES

PBGC Trusteed Plan · Case 19163800

The SCT YARNS, INC. RETIREMENT PLAN FOR SALARIED EMPLOYEES, a single-employer defined-benefit pension plan sponsored by SCT YARNS INC. of CHATTANOOGA, TN, was terminated on 2001-05-09 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2001-05-11. At the date of termination the plan had 157 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
SCT YARNS INC. RETIREMENT PLAN FOR HOURLY EMPLOYEES2001-05-09528

All plans sponsored by EIN 232840242. 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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