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PBGC Trusteed Plan · Case 4369600
The ATLANTIC TUBING AND RUBBER CO SALARIED PLAN, a single-employer defined-benefit pension plan sponsored by ATLANTIC RUBING & RUBBER CO of PROFICENCE, RI, was terminated on 1983-01-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1983-08-03. At the date of termination the plan had 30 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 |
|---|---|---|
| ATLANTIC TUBING RUBBER CO PENSION PLAN HOURLY | 1983-01-31 | 180 |
All plans sponsored by EIN 50101760. Full sponsor profile →
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