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PBGC Trusteed Plan · Case 20700900
The PHI BARGAINING RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by PACKARD-HUGHES INTERCONNECT COMPANY of IRVINE, CA, was terminated on 2009-07-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-08-10. At the date of termination the plan had 164 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 |
|---|---|---|
| PHI NON-BARGAINING RETIREMENT PLAN | 2009-07-31 | 1,391 |
All plans sponsored by EIN 330595219. Full sponsor profile →
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