Federal Data Hub › PBGC Trusteed Plans · JSON

TRUE VALUE COMPANY DEFINED LUMP SUM PLAN

PBGC Trusteed Plan · Case 24918300

The TRUE VALUE COMPANY DEFINED LUMP SUM PLAN, a single-employer defined-benefit pension plan sponsored by TRUE VALUE COMPANY of CHICAGO, IL, was terminated on 2024-11-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2025-06-30. At the date of termination the plan had 682 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.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.