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PBGC Trusteed Plan · Case 5508102
The MOUNTAIN STATE STEEL FOUNDRIES BARG UNIT PEN PLAN, a single-employer defined-benefit pension plan sponsored by MOUNTAIN STATE STEEL FOUNDRIES, INC of PARKERSBURG, WV, was terminated on 1983-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1986-12-30. At the date of termination the plan had 106 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 |
|---|---|---|
| MOUNTAIN STATE STEEL FOUNDRIES SALARIED PLAN | 1983-12-31 | 25 |
All plans sponsored by EIN 550335657. Full sponsor profile →
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