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PBGC Trusteed Plan · Case 20909200
The JOHN GILLEN COMPANY HOURLY EMPLOYEES PENSION PLAN, a single-employer defined-benefit pension plan sponsored by TVO ACQUISITION CORPORATION D/B/A JOHN GILLEN COMPANY of Cecero, IL, was terminated on 2009-04-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-09-02. At the date of termination the plan had 67 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 |
|---|---|---|
| JOHN GILLEN COMPANY SALARIED EMPLOYEES PENSION PLAN | 2009-04-30 | 32 |
All plans sponsored by EIN 363732807. Full sponsor profile →
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