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APPLIED DEVICES CORPORATION EMPLOYEES RETIREMENT P

PBGC Trusteed Plan · Case 3143200

The APPLIED DEVICES CORPORATION EMPLOYEES RETIREMENT P, a single-employer defined-benefit pension plan sponsored by APPLIED DEVICES CORP of Kissimmee, FL, was terminated on 1980-06-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1980-09-04. At the date of termination the plan had 224 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.

References

  1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
  2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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