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EASTMET EAST STAINLESS STEEL US STEELWORKERS 1245

PBGC Trusteed Plan · Case 8504900

The EASTMET EAST STAINLESS STEEL US STEELWORKERS 1245, a single-employer defined-benefit pension plan sponsored by EASTERN STAINLESS STEEL A DIVISION OF EASTMET CORP of BALTIMORE, MD, was terminated on 1987-01-13 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-12-14. At the date of termination the plan had 873 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

PlanTerminatedParticipants
EASTMET EASTERN STAINLESS MGMT EMPLOYEES1987-01-13270

All plans sponsored by EIN 520959037. 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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