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PENINSULA ASPHALT CORPORATION DEFINED BENEFIT RET

PBGC Trusteed Plan · Case 12123001

The PENINSULA ASPHALT CORPORATION DEFINED BENEFIT RET, a single-employer defined-benefit pension plan sponsored by PENINSULA CORPORATION of TRAVERSE CITY, MI, was terminated on 1990-11-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1991-07-16. At the date of termination the plan had 10 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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