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PBGC Trusteed Plan · Case 2756300
The BRISK HOURLY, a single-employer defined-benefit pension plan sponsored by BRISK FOUNDRY AND MACHINE CO of IMLAY CITY, MI, was terminated on 1979-08-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1980-05-29. At the date of termination the plan had 35 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 |
|---|---|---|
| BRISK SALARIED | 1979-08-19 | 6 |
All plans sponsored by EIN 380373725. Full sponsor profile →
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