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PBGC Trusteed Plan · Case 19660900
The SPINNAKER COATING-MAINE INC. RP FOR NON UNION EE'S, a single-employer defined-benefit pension plan sponsored by SPINNAKER COATING -MAINE INC. of WESTBROOK, ME, was terminated on 2001-07-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-01-29. At the date of termination the plan had 35 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 |
|---|---|---|
| SPINNAKER COATING-MAINE INC. RP FOR UNION EE'S | 2001-07-15 | 94 |
All plans sponsored by EIN 10515478. Full sponsor profile →
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