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UNIVERSAL COOPERATIVES INC EMPLOYEE PENSION PLAN

PBGC Trusteed Plan · Case 22546700

The UNIVERSAL COOPERATIVES INC EMPLOYEE PENSION PLAN, a single-employer defined-benefit pension plan sponsored by UNIVERSAL COOPERATIVES INC of EAGAN, MN, was terminated on 2014-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2015-04-08. At the date of termination the plan had 370 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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