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PBGC Trusteed Plan · Case 16315101
The WEAN INC HOURLY RETIREMENT INCOME PLAN, a single-employer defined-benefit pension plan sponsored by WEAN UNITED INC of YONGSTOWN, OH, was terminated on 1994-03-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1994-09-26. At the date of termination the plan had 851 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 |
|---|---|---|
| WEAN INC SALARIED RETIREMENT INCOME PLAN | 1994-01-14 | 513 |
All plans sponsored by EIN 340606290. Full sponsor profile →
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