Federal Data Hub › PBGC Trusteed Plans · JSON
PBGC Trusteed Plan · Case 5146000
The PHOENIX STEEL CORP EMP RET PLAN PHOENIXVILLE, a single-employer defined-benefit pension plan sponsored by PHOENIX STEEL CORP of CLAYMONT, DE, was terminated on 1983-08-22 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1984-07-03. At the date of termination the plan had 1,185 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 |
|---|---|---|
| PHOENIX STEEL CORP PEN PL PROD & MAIN CLAYMONT | 1983-08-22 | 1,582 |
| PHOENIX STEEL CORPORATION SALARIED | 1983-08-22 | 398 |
All plans sponsored by EIN 135520077. Full sponsor profile →
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