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DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION

PBGC Trusteed Plan · Case 21816000

The DEFINED BENEFIT PLAN FOR FORMER EMPLOYEES OF KDI CORPORATION, a single-employer defined-benefit pension plan sponsored by GAI HOLDING CORPORATION of SHELTON, CT, was terminated on 2010-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2011-10-20. At the date of termination the plan had 151 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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