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PBGC Trusteed Plan · Case 12201300
The WHEELING CLOSURE CORPORATION, a single-employer defined-benefit pension plan sponsored by WHEELING CLOSURE CORP of WHEELING, WV, was terminated on 1989-03-13 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-03-05. At the date of termination the plan had 64 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.
| Plan | Terminated | Participants |
|---|---|---|
| WHEELING CLOSURE SALARIED EMPLOYEE PENSION PLAN | 1990-08-31 | 26 |
All plans sponsored by EIN 550526040. Full sponsor profile →
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