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PBGC Trusteed Plan · Case 17991000
The COVINGTON PP OF FLEXEL INC., a single-employer defined-benefit pension plan sponsored by FLEXEL, INC. of ATLANTA, GA, was terminated on 1997-11-18 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1998-01-16. At the date of termination the plan had 350 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 |
|---|---|---|
| FLEXEL INC., PP | 1997-11-18 | 536 |
All plans sponsored by EIN 581706162. Full sponsor profile →
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