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FAY CONSTRUCTION COMPANY, INC. PENSION PLAN

PBGC Trusteed Plan · Case 23103800

The FAY CONSTRUCTION COMPANY, INC. PENSION PLAN, a single-employer defined-benefit pension plan sponsored by FAY CONSTRUCTION of MEDIA, PA, was terminated on 2017-06-14 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2021-06-14. At the date of termination the plan had 5 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.

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