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SEARS HOLDINGS PENSION PLAN 1

PBGC Trusteed Plan · Case 23148400

The SEARS HOLDINGS PENSION PLAN 1, a single-employer defined-benefit pension plan sponsored by SEARS HOLDINGS CORPORATION of HOFFMAN ESTATES, IL, was terminated on 2019-01-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2019-02-11. At the date of termination the plan had 29,538 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
SEARS HOLDINGS PENSION PLAN 22019-01-3152,849

All plans sponsored by EIN 201920798. 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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