Updated Jan. 24, 2012
Royal Crown Bottling Co. of Chicago lists a total of $8 million in unsecured pension claims in the Chapter 7 bankruptcy filing the company filed Jan. 20.
The Bolingbrook, Ill.-based company shows $4.4 million in unsecured claims to the Pension Benefit Guaranty Corp. for the Royal Crown Bottling employee retirement plan, according to the filing.
It also lists $3.6 million in unsecured claims to the Soft Drink Industry Local 710 Pension Fund, a Chicago-based multiemployer plan, according to the filing.
The company's employee retirement plan had $9.3 million in assets and $12.7 million in liabilities as of Dec. 31, 2010, according to its latest Form 5500 filing.
Northern Trust manages the company’s plan assets, in several funds, including $7 million in a large-cap index fund and $2.19 million in a bond fund, according to the filing. Details about the investment funds weren’t specified. Northern Trust is also trustee of the plan.
Marc Hopkins, PBGC spokesman, was unable to provide comment by press time. Officials at the company and multiemployer plan couldn't be reached for comment.