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ATLANTIC STEELS CASTINGS CO UNION LOCAL #48 PEN

PBGC Trusteed Plan · Case 3272400

The ATLANTIC STEELS CASTINGS CO UNION LOCAL #48 PEN, a single-employer defined-benefit pension plan sponsored by ATLANTIC STEEL CASTINGS CO of CHESTER, PA, was terminated on 1980-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-05-18. At the date of termination the plan had 209 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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