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PBGC Trusteed Plan · Case 3771201
The DAVENPORT PACKING COMPANY LOCAL 431 PENSION PLAN, a single-employer defined-benefit pension plan sponsored by DAVENPORT PACKING CO of DAVENPORT, IA, was terminated on 1982-05-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1985-02-26. At the date of termination the plan had 52 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 |
|---|---|---|
| DAVENPORT PACKING CO SALARIED RET PLAN | 1984-11-19 | 8 |
All plans sponsored by EIN 362107145. Full sponsor profile →
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