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PBGC Trusteed Plan · Case 21803500
The SMITH JONES INC. PLASTA FIBER DIVISION UNION EES RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by SMITH JONES INC. of KELLOGG, IA, was terminated on 2011-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2012-08-01. At the date of termination the plan had 35 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 |
|---|---|---|
| SMITH JONES INC. MIDWEST DIVISION UNION EMPLOYEES' PENSION PLAN | 2011-12-31 | 243 |
| SMITH JONES INC. EMPLOYEES' RETIREMENT PLAN | 2011-12-31 | 217 |
| NON-CONTRIB PLAN FOR HRLY BARG UNIT EES OF ELYRIA DIV OF SMITH JONES | 2011-12-31 | 180 |
| SMITH JONES INC. ALLITH DIV UAW PENSION PLAN FOR HOURLY EMPLOYEES | 2011-12-31 | 40 |
All plans sponsored by EIN 410991494. Full sponsor profile →
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