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PBGC Trusteed Plan · Case 12953700
The VAN VLAANDEREN MACHINE COMPANY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by VAN VLAANDEREN MACHINE CO of PATERSON, NJ, was terminated on 1990-01-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1991-08-26. At the date of termination the plan had 30 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 |
|---|---|---|
| VAN VLAANDEREN MACHINE CO RET. PLAN FOR UNION EMP. | 1987-02-28 | 102 |
All plans sponsored by EIN 222242744. Full sponsor profile →
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