Federal Data Hub › PBGC Trusteed Plans · JSON

THE AKRON EQUIPMENT COMPANY RETIREMENT PLAN FOR UNION EMPLOYEES

PBGC Trusteed Plan · Case 22025200

The THE AKRON EQUIPMENT COMPANY RETIREMENT PLAN FOR UNION EMPLOYEES, a single-employer defined-benefit pension plan sponsored by AKRON EQUIPMENT COMPANY of AKRON, OH, was terminated on 2011-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2012-10-17. At the date of termination the plan had 152 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.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.