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BUFFALO TANK CORP HOURLY PENSION PLAN

PBGC Trusteed Plan · Case 16261501

The BUFFALO TANK CORP HOURLY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by BUFFALO TANK CORPORATION OF DELAWARE of BALTIMORE, MD, was terminated on 1993-10-08 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1994-08-24. At the date of termination the plan had 70 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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