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PBGC Trusteed Plan · Case 8597000
The METAL MFG CO ELECTROLIN DIV UNION PENSION PLAN, a single-employer defined-benefit pension plan sponsored by UNION METAL MFG CO of CANTON, OH, was terminated on 1986-12-08 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-02-16. At the date of termination the plan had 27 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 |
|---|---|---|
| UNION METAL MFG CO EMPLOYEES RETIREMENT PLAN | 1985-05-15 | 463 |
All plans sponsored by EIN 340587970. Full sponsor profile →
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