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PENS PLAN FOR BU EMPL OF STAR MARKETS LTD KAHALA

PBGC Trusteed Plan · Case 23110300

The PENS PLAN FOR BU EMPL OF STAR MARKETS LTD KAHALA, a single-employer defined-benefit pension plan sponsored by STAR MARKETS LTD of HONOLULU, HI, was terminated on 2017-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2018-10-09. At the date of termination the plan had 70 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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