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RETIREMENT PLAN OF CIRCUIT CITY STORES, INC.

PBGC Trusteed Plan · Case 21340500

The RETIREMENT PLAN OF CIRCUIT CITY STORES, INC., a single-employer defined-benefit pension plan sponsored by CIRCUIT CITY STORES INC. of RICHMOND, VA, was terminated on 2009-03-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-05-26. At the date of termination the plan had 21,206 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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