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LINDELL DROP FORGE COMPANY HRLY EMPL RET INCOME PL

PBGC Trusteed Plan · Case 10905900

The LINDELL DROP FORGE COMPANY HRLY EMPL RET INCOME PL, a single-employer defined-benefit pension plan sponsored by LINDELL DROP FORGE CO of LANSING, MI, was terminated on 1989-11-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1991-02-06. At the date of termination the plan had 297 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.

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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