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PENSION PLAN FOR HOURLY PAID EMPLOYEES OF METAL TECHNOLOGY SOLUTIONS

PBGC Trusteed Plan · Case 23041100

The PENSION PLAN FOR HOURLY PAID EMPLOYEES OF METAL TECHNOLOGY SOLUTIONS, a single-employer defined-benefit pension plan sponsored by METAL TECHNOLOGY SOLUTIONS INC of YOUNGSTOWN, OH, was terminated on 2016-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2017-07-03. At the date of termination the plan had 145 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 522337203. 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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