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JOAN FABRICS FACTORY HOURLY AND OFFICE EMPLOYEES' PENSION PLAN AND TRUST

PBGC Trusteed Plan · Case 20989500

The JOAN FABRICS FACTORY HOURLY AND OFFICE EMPLOYEES' PENSION PLAN AND TRUST, a single-employer defined-benefit pension plan sponsored by JOAN FABRICS of TYNGSBORO, MA, was terminated on 2007-07-05 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2008-03-07. At the date of termination the plan had 1,092 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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