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PBGC Trusteed Plan · Case 2672700
The FAITH SHOE COMPANY LOCAL 809 PENSION PLAN, a single-employer defined-benefit pension plan sponsored by FAITH SHOE CO of LINDEN, NJ, was terminated on 1979-06-10 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1980-04-30. At the date of termination the plan had 285 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.
| Plan | Terminated | Participants |
|---|---|---|
| FAITH SHOE COMPANY RETIREMENT PLAN | 1979-06-10 | 47 |
All plans sponsored by EIN 610486097. Full sponsor profile →
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