PILLOWTEX CORPORATION RETIREMENT PLAN FOR SALARIED EMPLOYEES
Overview
| Plan Sponsor | PILLOWTEX CORPORATION |
| Case Number | 20061600 |
| Date of Plan Termination | October 31, 2003 |
| Date of PBGC Trusteeship | November 05, 2003 |
| Participants | 7313 |
Status
1: PBGC has taken over as trustee of your pension plan. PBGC is now responsible for paying your pension benefits up to the limits set by law.
2: PBGC is verifying plan and participant information to calculate pension benefits. PBGC has sent letters to notify all participants and beneficiaries that we took over as trustee of your plan.
3: PBGC is calculating pension benefits, subject to legal limits, owed to all participants and beneficiaries.
PBGC has finished reviewing and verifying plan and participant information. We are now calculating the pension benefits, subject to the legal limits, owed to everyone in the plan.
4: PBGC has completed calculating pension benefits, subject to legal limits, owed to all participants and beneficiaries in the plan. We are now sending formal determinations of pension benefits to participants and beneficiaries.
5. All reviews, verifications and calculations have been completed. Formal determination letters describing the amount of pension benefits have been sent to participants and beneficiaries.
Related Resources
News Releases
- PBGC, Pillowtex Agree on Protection for Fieldcrest Pensions (December 19, 1997)
- PBGC Will Meet With Participants in Pillowtex Pension Plans (June 10, 2004)
- Federal Pension Insurer Assumes Responsibility for Pillowtex Pensions (October 30, 2003)
