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PBGC Trusteed Plan · Case 18837200
The HENNEPIN PAPER CO FOR SAL EES PP, a single-employer defined-benefit pension plan sponsored by HENNEPEN PAPER CO of LITTLE FALLS, MN, was terminated on 1998-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-07-22. At the date of termination the plan had 57 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 |
|---|---|---|
| HENNEPIN PAPER CO EES HRLY PP | 1998-12-31 | 250 |
All plans sponsored by EIN 410712510. Full sponsor profile →
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