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LAKE MICHIGAN PACKAGING PRODUCTS, INC. HOURLY PP

PBGC Trusteed Plan · Case 19378100

The LAKE MICHIGAN PACKAGING PRODUCTS, INC. HOURLY PP, a single-employer defined-benefit pension plan sponsored by LAKE MICHIGAN PKG PRODUCTS, INC. of GRAND RAPIDS, MI, was terminated on 2000-08-10 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2001-05-15. At the date of termination the plan had 28 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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