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RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES OF ASCENDIA BRANDS CO

PBGC Trusteed Plan · Case 21318400

The RETIREMENT PLAN FOR BARGAINING UNIT EMPLOYEES OF ASCENDIA BRANDS CO, a single-employer defined-benefit pension plan sponsored by ASCENDIA BRANDS CO INC of HAMILTON, NJ, was terminated on 2008-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-01-13. At the date of termination the plan had 125 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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