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PBGC Trusteed Plan · Case 16883700
The PRECISION FABRICATORS INC RET PLAN FOR HRLY EES, a single-employer defined-benefit pension plan sponsored by PRECISION FABRICATORS ,INC of GARDEN CITY PARK, NY, was terminated on 1995-01-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1996-05-31. At the date of termination the plan had 40 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 |
|---|---|---|
| PRECISION FABRICATORS INC SALARIED EMPS RET INC PL | 1995-01-19 | 21 |
All plans sponsored by EIN 112295582. Full sponsor profile →
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