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PBGC Trusteed Plan · Case 22117600
The ALLIED SYSTEMS LTD. UAW LOCAL 95 UNIT 2 RETIREMENT INCOME PLAN, a single-employer defined-benefit pension plan sponsored by ALLIED SYSTEMS HOLDINGS INC. of ATLANTA, GA, was terminated on 2013-08-22 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2013-09-25. At the date of termination the plan had 53 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 |
|---|---|---|
| ALLIED SYSTEMS, LTD.OFFICE WORKERS U.A.W. LOCAL 95 PENSION PLAN | 2013-08-22 | 7 |
All plans sponsored by EIN 581710028. Full sponsor profile →
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