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PBGC Trusteed Plan · Case 3429200
The TEXAS MARINE INTERNATIONAL INC UAW PENSION PLAN, a single-employer defined-benefit pension plan sponsored by TEXAS MARINE INTERNATIONAL NC of PLANO, TX, was terminated on 1981-01-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1982-02-25. At the date of termination the plan had 252 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 |
|---|---|---|
| TEXAS MARINE INTERNATIONAL INC SALARIED PENSION | 1981-01-31 | 96 |
All plans sponsored by EIN 741052962. Full sponsor profile →
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