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PBGC Trusteed Plan · Case 21664400
The GOLDENS FOUNDRY & MACHINE COMPANY PENSION PLAN FOR SALARIED EMPLOYEES, a single-employer defined-benefit pension plan sponsored by GOLDENS FOUNDRY & MACHINE COMPANY of COLUMBUS, GA, was terminated on 2009-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2010-11-09. At the date of termination the plan had 121 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 |
|---|---|---|
| GOLDENS FOUNDRY & MACHINE COMPANY RETIREMENT PLAN FOR HOURLY EES & | 2009-12-31 | 211 |
All plans sponsored by EIN 580262440. Full sponsor profile →
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