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AMERICAN STARTER DRIVE SERVICE, INC. LOCAL 1114 DBPP

PBGC Trusteed Plan · Case 18448300

The AMERICAN STARTER DRIVE SERVICE, INC. LOCAL 1114 DBPP, a single-employer defined-benefit pension plan sponsored by AMERICAN STARTER DRIVE SERVICEINC of FRANKLIN PARK, IL, was terminated on 1997-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-05-06. At the date of termination the plan had 26 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.

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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