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PENSION PLAN OF DIRECT BRANDS, INC.

PBGC Trusteed Plan · Case 22620700

The PENSION PLAN OF DIRECT BRANDS, INC., a single-employer defined-benefit pension plan sponsored by DIRECT BRANDS, INC. of NEW YORK, NY, was terminated on 2015-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2016-04-07. At the date of termination the plan had 1,244 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.

Other plans from the same sponsor

PlanTerminatedParticipants
THE COLUMBIA HOUSE PENSION PLAN2015-12-31217

All plans sponsored by EIN 232813867. Full sponsor profile →

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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