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PBGC Trusteed Plan · Case 3111700
The MIDWEST SULLIVAN PENSION PLAN, a single-employer defined-benefit pension plan sponsored by MIDWEST FOOTWEAR CO INC C/O ROY J FEUERBACHER of MANCHESTER, MO, was terminated on 1982-04-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1984-05-29. At the date of termination the plan had 88 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.
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