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PBGC Trusteed Plan · Case 19598200
The PP FOR HRLY STANDARD STEEL-BURNHAM & LATROBE PLANTS A DIV. OF FREEDOM FORGE CORP., a single-employer defined-benefit pension plan sponsored by FREEDOM FORGE of BURNHAM, PA, was terminated on 2002-06-27 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2002-08-01. At the date of termination the plan had 2,755 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 |
|---|---|---|
| FREEDOM FORGE CORPORATION RETIREMENT PLAN SALARIED EMPLOYEES OF THE STANDARD STEEL DIVISION | 2002-06-27 | 483 |
All plans sponsored by EIN 232187962. Full sponsor profile →
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