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HYDE SPRING AND WIRE COMPANY UAW LOCAL 771 RETIREMENT INCOME PLAN

PBGC Trusteed Plan · Case 24719000

The HYDE SPRING AND WIRE COMPANY UAW LOCAL 771 RETIREMENT INCOME PLAN, a single-employer defined-benefit pension plan sponsored by HYDE SPRING AND WIRE COMPANY of DETROIT, MI, was terminated on 2023-06-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2024-10-07. At the date of termination the plan had 24 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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