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PBGC Trusteed Plan · Case 19590600
The EMPIRE SPECIALTY STEEL INC. PP FOR SAL.EE'S, a single-employer defined-benefit pension plan sponsored by EMPIRE SPECIALTY STEEL INC. of DUNKIRK, NY, was terminated on 2001-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2001-12-19. At the date of termination the plan had 671 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 |
|---|---|---|
| EMPIRE SPECIALTY STEEL INC. PP FOR HRLY RATED EE'S | 2001-08-31 | 1,714 |
All plans sponsored by EIN 161575324. Full sponsor profile →
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