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PENSION PLAN FOR ADMINISTRATIVE EMPLOYEES OF GORMAC PRODUCTS INC

PBGC Trusteed Plan · Case 21664700

The PENSION PLAN FOR ADMINISTRATIVE EMPLOYEES OF GORMAC PRODUCTS INC, a single-employer defined-benefit pension plan sponsored by GORMAC PRODUCTS INC of RACINE, WI, was terminated on 2010-02-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2010-10-14. At the date of termination the plan had 18 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.

Other plans from the same sponsor

All plans sponsored by EIN 390762625. Full sponsor profile →

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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