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AMER METAL WORKS INC DEF BENEFPEN PL FOR EMPL UNDER COLL BARGAIN AGREE W DISTR 7 LOC 46

PBGC Trusteed Plan · Case 15578900

The AMER METAL WORKS INC DEF BENEFPEN PL FOR EMPL UNDER COLL BARGAIN AGREE W DISTR 7 LOC 46, a single-employer defined-benefit pension plan sponsored by AMERICAN METAL WORKS INC of PHILADELPHIA, PA, was terminated on 1995-07-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1998-11-09. At the date of termination the plan had 151 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.

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