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PBGC Trusteed Plan · Case 19446500
The VISION METALS INC. SALARIED EMPLOYEES PENSION PLAN, a single-employer defined-benefit pension plan sponsored by VISION METALS INC. of ANN ARBOR, MI, was terminated on 2002-10-21 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-06-21. At the date of termination the plan had 277 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 |
|---|---|---|
| MICHIGAN SPECIALTY TUBE COMPANY HOURLY EMPLOYEES PENSION PLAN | 2002-10-21 | 363 |
| PENSION PLAN OF GULF STATES TUBE DIVISION OF VISION METALS, INC. | 2002-10-21 | 305 |
All plans sponsored by EIN 383378219. Full sponsor profile →
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