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SAVAGE INDUSTRIES INC FACTORY UNION PP

PBGC Trusteed Plan · Case 16532800

The SAVAGE INDUSTRIES INC FACTORY UNION PP, a single-employer defined-benefit pension plan sponsored by SAVAGE INDUSTRIES INC. of WESTFIELD, MA, was terminated on 1989-11-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1998-04-27. At the date of termination the plan had 223 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.

Other plans from the same sponsor

PlanTerminatedParticipants
SAVAGE INDUSTRIES INC SALARIED PP1989-11-0164

All plans sponsored by EIN 42729032. Full sponsor profile →

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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