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PBGC Trusteed Plan · Case 8310400
The CRUCIBLE STEEL CASTING CO SALARIED EMP PEN PLAN, a single-employer defined-benefit pension plan sponsored by CONSOLIDATED FOUNDRIES & MFG CO of CLEVELAND, OH, was terminated on 1988-04-07 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-06-27. At the date of termination the plan had 40 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 |
|---|---|---|
| CRUCIBLE STEEL CASTING COMPANY HOURLY PENSION PLAN | 1988-04-07 | 124 |
| WESTERN FOUNDRY COMPANY SAL EMPLOYEE PEN PLAN | 1988-04-18 | 14 |
All plans sponsored by EIN 361897961. Full sponsor profile →
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