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PBGC Trusteed Plan · Case 20193100
The WESTPOINT STEVENS INC. HOURLY RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by WESTPOINT STEVENS, INC. of WEST POINT, GA, was terminated on 2005-08-08 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2005-08-18. At the date of termination the plan had 22,513 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 |
|---|---|---|
| WESTPOINT STEVENS INC. RETIREMENT PLAN | 2005-08-08 | 8,414 |
All plans sponsored by EIN 363498354. Full sponsor profile →
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