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PBGC Trusteed Plan · Case 4380700
The JOHNSON STEEL & WIRE CO., INC. SALARIED RET PLAN, a single-employer defined-benefit pension plan sponsored by JOHNSON STEEL & WIRE CO, INC of WORCESTER, MA, was terminated on 1982-09-13 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1983-02-24. At the date of termination the plan had 45 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 |
|---|---|---|
| JOHNSON STEEL & WIRE CO., INC. HOURLY PENSION PLAN | 1982-09-13 | 461 |
All plans sponsored by EIN 41487490. Full sponsor profile →
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