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SWENSON''S CARRIAGE HOUSE - LOCAL UNION 120 EMPLOYEE BENEFIT PENSION PLAN AND TRUST

PBGC Trusteed Plan · Case 20286400

The SWENSON''S CARRIAGE HOUSE - LOCAL UNION 120 EMPLOYEE BENEFIT PENSION PLAN AND TRUST, a single-employer defined-benefit pension plan sponsored by SWENSON'S CARRIAGE HOUSE INC. SWENSON'S CARRIAGE HOUSE INC. of WOODBURY, MN, was terminated on 2004-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2007-08-15. At the date of termination the plan had 7 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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