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PBGC Trusteed Plan · Case 20035600
The MONTGOMERY SAFETY PRODUCTS SALARIED EMPLOYEES' DEFINED BENEFIT PLAN, a single-employer defined-benefit pension plan sponsored by THE MONTGOMERY SAFETY PRODUCTS, INC. of CANTON, OH, was terminated on 2002-05-26 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-09-02. At the date of termination the plan had 13 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 |
|---|---|---|
| MONTGOMERY SAFETY PRODUCTS RETIREMENT PLAN FOR MEMBERS OF LOCAL 5439 | 2002-05-26 | 33 |
All plans sponsored by EIN 311434425. Full sponsor profile →
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