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PBGC Trusteed Plan · Case 13792001
The DETROIT RIVER PAPER CO UNION EMPLOYEE PENSION PL, a single-employer defined-benefit pension plan sponsored by PORT HURON PAPER CORP of DETROIT, MI, was terminated on 1991-03-08 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1996-11-04. At the date of termination the plan had 223 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 |
|---|---|---|
| DETROIT RIVER PAPER CO SALARY EMPLOYEE PENSION PLN | 1991-03-08 | 74 |
All plans sponsored by EIN 380937550. Full sponsor profile →
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