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PBGC Trusteed Plan · Case 22548900
The WELLCO ENTERPRISES INC PENSION PLAN, a single-employer defined-benefit pension plan sponsored by WELLCO ENTERPRISES INC of KNOXVILLE, TN, was terminated on 2014-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2014-12-12. At the date of termination the plan had 136 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.
| Plan | Terminated | Participants |
|---|---|---|
| WELLCO ENTERPRISES INC SUPPLEMENTAL RETIREMENT PLAN | 2014-08-31 | 328 |
All plans sponsored by EIN 560769274. Full sponsor profile →
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