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PBGC Trusteed Plan · Case 3098200
The FEDERAL'S INC. PENSION PLAN, a single-employer defined-benefit pension plan sponsored by FEDERALS, INC. of DETROIT, MI, was terminated on 1979-04-14 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1980-04-17. At the date of termination the plan had 231 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 |
|---|---|---|
| FEDERALS INC TEAMSTERS RET PLAN | 1977-06-19 | 289 |
| FEDERALS INC LOCAL 556 | 1979-04-14 | 170 |
| FEDERALS INC LOCAL 518 | 1979-04-14 | 65 |
All plans sponsored by EIN 380465050. Full sponsor profile →
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