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PBGC Trusteed Plan · Case 19724000
The DAVID WHITE, LLC EMPLOYEES RETIREMENT PLAN - PAST SERVICE SEGMENT, a single-employer defined-benefit pension plan sponsored by DAVID WHITE, L.L.C. of GERMANTOWN, WI, was terminated on 2002-03-07 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2002-10-22. At the date of termination the plan had 30 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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