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PHOENIX STEEL CORP PEN PL PROD & MAIN CLAYMONT

PBGC Trusteed Plan · Case 5146200

The PHOENIX STEEL CORP PEN PL PROD & MAIN CLAYMONT, 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 1,582 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.

Other plans from the same sponsor

All plans sponsored by EIN 135520077. Full sponsor profile →

References

1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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