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BANNER FIBREBOARD COMPANY RETIREMENT PLAN FOR NON-UNION EMPLOYEES

PBGC Trusteed Plan · Case 22895600

The BANNER FIBREBOARD COMPANY RETIREMENT PLAN FOR NON-UNION EMPLOYEES, a single-employer defined-benefit pension plan sponsored by BANNER FIBREBOARD COMPANY of WHEELING, WV, was terminated on 2016-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2017-04-05. At the date of termination the plan had 21 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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