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WISCONSIN BRIDGE AND IRON CO. SHOPMAND LOCAL 471

PBGC Trusteed Plan · Case 4068100

The WISCONSIN BRIDGE AND IRON CO. SHOPMAND LOCAL 471, a single-employer defined-benefit pension plan sponsored by WISCONSIN BRIDGE & IRON CO of MILWAUKEE, WI, was terminated on 1982-11-04 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1985-11-20. At the date of termination the plan had 97 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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