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PENSION PLAN OF GREENDALE SCREW PRODUCTS, INC.

PBGC Trusteed Plan · Case 24556700

The PENSION PLAN OF GREENDALE SCREW PRODUCTS, INC., a single-employer defined-benefit pension plan sponsored by GREENDALE SCREW PRODUCTS, INC. of DETROIT, MI, was terminated on 2023-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2024-02-28. At the date of termination the plan had 18 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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