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PBGC Trusteed Plan · Case 515800
The NACHMAN CORPORATION IAM PENSION PLAN, a single-employer defined-benefit pension plan sponsored by NACHMAN CORP of DES PLAINES, IL, was terminated on 1975-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-02-12. At the date of termination the plan had 8 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 |
|---|---|---|
| NACHMAN CORPORATION UAW PENSION PLAN | 1975-12-31 | 241 |
All plans sponsored by EIN 361518110. Full sponsor profile →
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