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PENSION PLAN FOR BARGAINING UNIT EMPLOYEES OF SUPERIOR FIREPLACE

PBGC Trusteed Plan · Case 24410400

The PENSION PLAN FOR BARGAINING UNIT EMPLOYEES OF SUPERIOR FIREPLACE, a single-employer defined-benefit pension plan sponsored by INNOVATIVE HEARTH PRODUCTS LLC of RICHARDSON, TX, was terminated on 2023-01-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2023-06-20. At the date of termination the plan had 35 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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