Federal Data Hub › PBGC Trusteed Plans · JSON

VOLK ELECTRIC, INC. RETIREMENT PLAN

PBGC Trusteed Plan · Case 23764800

The VOLK ELECTRIC, INC. RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by VOLK ELECTRIC, INC. of SAN FRANCISCO, CA, was terminated on 2022-03-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2022-05-02. 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.

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