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PBGC Trusteed Plan · Case 20349200
The WESTEK INC PENSION PLAN, a single-employer defined-benefit pension plan sponsored by WESTEK GEORGIA, LLC of THOMASTON, GA, was terminated on 2005-05-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2005-09-28. At the date of termination the plan had 533 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 |
|---|---|---|
| WESTEK INC. RETIREMENT PLAN | 2005-05-01 | 164 |
All plans sponsored by EIN 830341059. Full sponsor profile →
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