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HOMECREST INDUSTRIES INC PENSION PLAN FOR COLLECTIVE BARGAINING UNION

PBGC Trusteed Plan · Case 20798200

The HOMECREST INDUSTRIES INC PENSION PLAN FOR COLLECTIVE BARGAINING UNION, a single-employer defined-benefit pension plan sponsored by HOMECREST INDUSTRIES INC of WADENA, MN, was terminated on 2005-10-14 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2007-08-01. At the date of termination the plan had 331 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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