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PBGC Trusteed Plan · Case 3996200
The HUGHES AND HATCHER INC RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by HUGHES & HATCHER, INC of DETROIT, MI, was terminated on 1983-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1983-08-10. At the date of termination the plan had 112 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 |
|---|---|---|
| AMALGAMATED CLOTHING AND TEXTILE WORKERS UNION | 1983-03-31 | 700 |
All plans sponsored by EIN 382176432. Full sponsor profile →
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