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PENN COIL UNION RETIREMENT PLAN

PBGC Trusteed Plan · Case 17942900

The PENN COIL UNION RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by POWER SYSTEMS TECHNOLOGY INC D/B/A SYTEK of PITTSBURGH, PA, was terminated on 1999-11-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-09-11. At the date of termination the plan had 92 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
PENN COIL RETIREMENT SAVINGS PLAN1999-11-1943

All plans sponsored by EIN 581876490. 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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