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PLC HOLDINGS INC.

PBGC Trusteed Plan · Case 19719100

The PLC HOLDINGS INC., a single-employer defined-benefit pension plan sponsored by PLC HOLDINGS INC. of CLIFTON, NJ, was terminated on 2000-12-05 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-06-26. At the date of termination the plan had 233 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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