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PBGC Trusteed Plan · Case 20122200
The PHELPS UNION EE'S RET PLAN, a single-employer defined-benefit pension plan sponsored by PHELPS TIME RECORDING LOCK of NEW YORK, NY, was terminated on 2003-11-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-05-03. At the date of termination the plan had 14 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 |
|---|---|---|
| PHELPS E' RET PLAN | 2003-11-30 | 11 |
All plans sponsored by EIN 135546148. Full sponsor profile →
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