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PBGC Trusteed Plan · Case 2507900
The MADISON WIRE, INC SALARIED PENSION PLAN, a single-employer defined-benefit pension plan sponsored by MADISON WIRE INC of BUFFALO, NY, was terminated on 1978-06-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-10-16. At the date of termination the plan had 14 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.
| Plan | Terminated | Participants |
|---|---|---|
| MADISON WIRE INC HOURLY PENSION PLAN | 1978-06-30 | 101 |
All plans sponsored by EIN 160534870. Full sponsor profile →
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