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PBGC Trusteed Plan · Case 4830600
The MECHANICAL MOLD & MACHINE CO BARGAINING UNIT PENS, a single-employer defined-benefit pension plan sponsored by MECHANICAL MOLD & MACHINE CO of AKRON, OH, was terminated on 1983-04-18 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1983-07-19. At the date of termination the plan had 96 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 |
|---|---|---|
| MECHANICAL MOLD & MACHINE SALARIED PENSION PLAN | 1983-04-28 | 26 |
All plans sponsored by EIN 340792716. Full sponsor profile →
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