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PBGC Trusteed Plan · Case 18172700
The MCM ENTERPRISES, INC. CHICAGO STEEL & WIRE PEN PL, a single-employer defined-benefit pension plan sponsored by MCM ENTERPRISES of CRAWFORDSVILLE, IN, was terminated on 1998-02-04 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-05-07. At the date of termination the plan had 101 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 |
|---|---|---|
| MCM ENTERPRISES PEN PL | 1998-12-18 | 314 |
All plans sponsored by EIN 351667528. Full sponsor profile →
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