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PBGC Trusteed Plan · Case 3144600
The SPENCER FOODS WISC LEATHER DIV UNION PEN PLAN, a single-employer defined-benefit pension plan sponsored by SPENCER FOODSINC of SPENCER, IA, was terminated on 1980-06-06 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-11-23. At the date of termination the plan had 30 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 |
|---|---|---|
| SPENCER FOODS, INC. SPENCER MEAT CUTTERS PEN PLAN | 1978-10-30 | 416 |
| SPENCER FOODS WISC LEATHER DIV MGT/CLERI EMP RET | 1980-06-06 | 11 |
| SPENCER FOODS WISC LEATHER DIV OPER ENG PENS PL | 1980-06-06 | 4 |
All plans sponsored by EIN 10362. Full sponsor profile →
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