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PBGC Trusteed Plan · Case 4570600
The LEBANON STEEL FOUNDRY, #1 UNION EMPLOYEES PEN PLAN, a single-employer defined-benefit pension plan sponsored by LEBANON STEEL FOUNDRY of LEBANON, PA, was terminated on 1983-07-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1985-03-19. At the date of termination the plan had 707 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 |
|---|---|---|
| LEBANON STEEL FOUNDRY PLAN #2 SALARIED EMPL. | 1983-06-30 | 265 |
All plans sponsored by EIN 230794200. Full sponsor profile →
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