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PBGC Trusteed Plan · Case 19835300
The COLD METAL PRODUCTS CO. INC EASTERN HRLY PP, a single-employer defined-benefit pension plan sponsored by COLD METAL PRODUCTS INC. of YOUNGSTOWN, OH, was terminated on 2003-03-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-11-10. At the date of termination the plan had 237 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 |
|---|---|---|
| COLD METAL PRODUCTS CO. INC. PP FOR SAL EES | 2003-03-28 | 325 |
| COLD METAL PRODUCTS, INC. PP FOR HRLY EES | 2003-03-28 | 323 |
All plans sponsored by EIN 161144965. Full sponsor profile →
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