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INTER-LAKES STEEL PRODUCTS CO., INC. COLLECTIVE BARGAINING PLAN

PBGC Trusteed Plan · Case 20085400

The INTER-LAKES STEEL PRODUCTS CO., INC. COLLECTIVE BARGAINING PLAN, a single-employer defined-benefit pension plan sponsored by INTER-LAKES STEEL PRODUCTS CO., L.L.C. of White Lake, MI, was terminated on 2001-09-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2005-01-18. At the date of termination the plan had 30 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.

References

1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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