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CANTON TEXTILE MILLS INC HOURLY EMPLOYEES PEN PLAN

PBGC Trusteed Plan · Case 3634000

The CANTON TEXTILE MILLS INC HOURLY EMPLOYEES PEN PLAN, a single-employer defined-benefit pension plan sponsored by CANTON TEXTILE MILLS, INC of CANTON, GA, was terminated on 1981-08-29 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-10-05. At the date of termination the plan had 502 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

All plans sponsored by EIN 580182780. 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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