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LAKE CASTING INC HOURLY EMPLOYEES RETIREMENT PLAN

PBGC Trusteed Plan · Case 8414600

The LAKE CASTING INC HOURLY EMPLOYEES RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by LAKE CASTING, INC of SANDUSKY, OH, was terminated on 1982-11-17 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1989-04-06. At the date of termination the plan had 33 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.

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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