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CANN & SAUL STEEL COMPANY SALARIED RET PLAN

PBGC Trusteed Plan · Case 10425500

The CANN & SAUL STEEL COMPANY SALARIED RET PLAN, a single-employer defined-benefit pension plan sponsored by CANN & SAUL STEEL CO of ROYERSFORD, PA, was terminated on 1988-03-11 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1992-01-13. At the date of termination the plan had 73 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

PlanTerminatedParticipants
CANN AND SAUL STEEL COMPANY UNION RETIREMENT PLAN1988-03-11111

All plans sponsored by EIN 230454030. 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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