Federal Data Hub › PBGC Trusteed Plans · JSON
PBGC Trusteed Plan · Case 498100
The NORTHEASTERN LIFE FIDELITY CORP RET PLAN, a single-employer defined-benefit pension plan sponsored by DRUM FINANCIAL CORP of OMAHA, NE, was terminated on 1975-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1980-06-02. At the date of termination the plan had 43 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 |
|---|---|---|
| NORTHEASTERN LIFE FIDELITY CORP RET PLAN | 1976-08-30 | 21 |
All plans sponsored by EIN 540573841. Full sponsor profile →
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