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PBGC Trusteed Plan · Case 20055800
The PENNSYLVANIA STEEL FOUNDRY RET FOR SALARIED EE'S, a single-employer defined-benefit pension plan sponsored by QUAKER ALLOY INC. of MYERSTOWN, PA, was terminated on 2004-01-22 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-03-12. At the date of termination the plan had 92 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 |
|---|---|---|
| PENNSYLVANIA STEEL FOUNDRY RET PLAN FOR HOURLY EE'S | 2004-01-22 | 237 |
All plans sponsored by EIN 251732845. Full sponsor profile →
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