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PBGC Trusteed Plan · Case 19759400
The BUNTING BEARINGS CORP. 877-UAW, a single-employer defined-benefit pension plan sponsored by BUNTING BEARINGS CORP. of HOLLAND, OH, was terminated on 2004-04-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2005-05-16. At the date of termination the plan had 111 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 |
|---|---|---|
| BUNTING BEARINGS CORP. 7540-USW | 2004-04-28 | 96 |
| BUNTING BEARINGS CORP EMPLOYEES'' PENSION PLAN LOCAL NO 7293-OCAWIU | 2004-04-28 | 34 |
All plans sponsored by EIN 341606168. Full sponsor profile →
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