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LUNDBERG SCREW PRODUCTS CO RET INC PLAN KW PEND

PBGC Trusteed Plan · Case 3293500

The LUNDBERG SCREW PRODUCTS CO RET INC PLAN KW PEND, a single-employer defined-benefit pension plan sponsored by LUNDBERG SCREW PRODUCTS of LANSING, MI, was terminated on 1981-04-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1982-08-10. At the date of termination the plan had 127 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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