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PBGC Trusteed Plan · Case 15733801
The SCHWINN BICYCLE COMPANY RTMT INCOME PLAN, a single-employer defined-benefit pension plan sponsored by SCHWINN BICYCLE CO of CHICAGO, IL, was terminated on 1993-02-03 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1994-08-01. At the date of termination the plan had 496 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 |
|---|---|---|
| SCHWINN BICYCLE COMPANY REPRESENTED RET PLAN | 1993-02-03 | 381 |
All plans sponsored by EIN 360747140. Full sponsor profile →
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