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PBGC Trusteed Plan · Case 291100
The DIAMOND REO LOCAL 149 UNITED PLANT GUARD WORKERS, a single-employer defined-benefit pension plan sponsored by DIAMOND REO TRUCKS INC of LANSING, MI, was terminated on 1975-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1975-07-15. At the date of termination the plan had 23 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 |
|---|---|---|
| DIAMOND REO UAW LOCAL 650 RETIREMENT INCOME PLAN | 1975-05-31 | 2,353 |
| DIAMOND REO NON-CONTR PLAN FOR SALARIED EES | 1975-05-31 | 310 |
| DIAMOND REO CONTRIBUTARY | 1975-05-31 | 199 |
All plans sponsored by EIN 381957008. Full sponsor profile →
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