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PBGC Trusteed Plan · Case 4882300
The ACME FAST FREIGHT WAGE PLAN, a single-employer defined-benefit pension plan sponsored by ACME FAST FREIGHT, INC of NORTH BERGEN, NJ, was terminated on 1984-03-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1985-02-28. At the date of termination the plan had an unreported number of 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 |
|---|---|---|
| ACME FAST FREIGHT BROTHERHOOD PENSION PLAN | 1984-03-31 | 420 |
| ACME FAST FREIGHT SALARIED PENSION PLAN | 1984-03-31 | 172 |
All plans sponsored by EIN 231902596. Full sponsor profile →
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