Federal Data Hub › PBGC Trusteed Plans · JSON

SECURITY FIRST FEDERAL SAV & LOAN PEN PLAN

PBGC Trusteed Plan · Case 15425201

The SECURITY FIRST FEDERAL SAV & LOAN PEN PLAN, a single-employer defined-benefit pension plan sponsored by SECURITY FIRST FED SAVINGS ANDLOAN ASSN of DAYTONA BEACH, FL, was terminated on 1992-04-10 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1995-01-03. At the date of termination the plan had 428 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.

References

1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.