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PERFORMANCE FIBERS SCOTTSBORO HOURLY RETIREMENT PLAN

PBGC Trusteed Plan · Case 23217700

The PERFORMANCE FIBERS SCOTTSBORO HOURLY RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by PERFORMANCE FIBERS SCOTTSBORO INC. of SCOTTSBORO, AL, was terminated on 2017-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2018-09-10. At the date of termination the plan had 379 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
SAL RET PL FOR EE OF PERF. FIB. SCOTTSBORO & WINFIELD2017-10-3134

All plans sponsored by EIN 510394659. 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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