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DETROIT BROACH & MACHINE UAW

PBGC Trusteed Plan · Case 11607401

The DETROIT BROACH & MACHINE UAW, a single-employer defined-benefit pension plan sponsored by DETROIT BROACH AND MACHINE TOOL COMPANY INC of AUBURN HILLS, MI, was terminated on 1988-11-29 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1995-09-25. At the date of termination the plan had 309 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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