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PBGC Trusteed Plan · Case 19252500
The ROSE HILL DISTRIBUTORS, INC., a single-employer defined-benefit pension plan sponsored by ROSE HILL DISTRIBUTORS, INC. of BRANFORD, CT, was terminated on 2000-06-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2001-01-04. At the date of termination the plan had 10 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.
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