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PBGC Trusteed Plan · Case 16324001
The BIG YANK COWDEN MFG RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by BIG YANK CORPORATION of LEXINGTON, KY, was terminated on 1994-06-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1997-01-07. At the date of termination the plan had 103 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 |
|---|---|---|
| BIG YANK COWDEN MFG HOURLY PENSION PLAN | 1994-06-30 | 650 |
| BIG YANK PENSION PLAN | 1994-06-30 | 71 |
All plans sponsored by EIN 132722904. Full sponsor profile →
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