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NORTH CAROLINA MUTUAL LIFE INSURANCE COMPANY RETIREMENT PLAN

PBGC Trusteed Plan · Case 24541200

The NORTH CAROLINA MUTUAL LIFE INSURANCE COMPANY RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by NORTH CAROLINA MUTUAL LIFE INSURANCE COMPANY of DURHAM, NC, was terminated on 2022-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2024-06-17. At the date of termination the plan had 79 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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