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WESTERN STEEL GROUP HOURLY (ELYRIA PLANTS)

PBGC Trusteed Plan · Case 15650101

The WESTERN STEEL GROUP HOURLY (ELYRIA PLANTS), a single-employer defined-benefit pension plan sponsored by WESTERN STEEL GROUP INC of ELYRIA, OH, was terminated on 1993-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1996-02-14. At the date of termination the plan had 64 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.

Other plans from the same sponsor

PlanTerminatedParticipants
WESTERN STEEL GROUP GARY MILL HOURLY PENSION1993-12-3168
WESTERN STEEL GROUP SALARIED PENSION PLAN1994-03-1558

All plans sponsored by EIN 222976369. Full sponsor profile →

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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