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PBGC Trusteed Plan · Case 14021100
The EVERLOCK-LOCAL 174 UAW EES DETROIT DIAMOND DIV, a single-employer defined-benefit pension plan sponsored by EVERLOCK FASTENING SYSTEMS,INC of TROY, MI, was terminated on 1991-03-25 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1995-08-08. At the date of termination the plan had 134 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 |
|---|---|---|
| EVERLOCK-LOCAL 174 UAQW EES DETROIT DIVISION | 1991-03-25 | 201 |
| EVERLOCK FASTENING SYSTEMS RETIREMENT PLAN | 1992-12-31 | 143 |
All plans sponsored by EIN 382831559. Full sponsor profile →
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