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PBGC Trusteed Plan · Case 12795101
The MACGREGOR SPORTING GOODS INC SAND KNIT DIVISION, a single-employer defined-benefit pension plan sponsored by MACGREGOR SAND KNIT of FOND DU LAC, WI, was terminated on 1989-03-16 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1992-03-20. At the date of termination the plan had 110 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 |
|---|---|---|
| MACGREGOR SPORTING GOODS CANVAS PRODUCTS DIV HRLY | 1991-09-06 | 96 |
All plans sponsored by EIN 510111943. Full sponsor profile →
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