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MICHAELS ART BRONZE CO EMPL PEN PL 1976 REVISION

PBGC Trusteed Plan · Case 16060901

The MICHAELS ART BRONZE CO EMPL PEN PL 1976 REVISION, a single-employer defined-benefit pension plan sponsored by MICHAELS ART ABRONZE COMPANY of FLORENCE, KY, was terminated on 1988-10-13 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1997-07-07. At the date of termination the plan had 22 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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