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PBGC Trusteed Plan · Case 9119900
The VAN VLAANDEREN MACHINE CO RET. PLAN FOR UNION EMP., a single-employer defined-benefit pension plan sponsored by VAN VLAANDEREN MACHINE CO of PATERSON, NJ, was terminated on 1987-02-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-07-11. At the date of termination the plan had 102 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 |
|---|---|---|
| VAN VLAANDEREN MACHINE COMPANY PENSION PLAN | 1990-01-01 | 30 |
All plans sponsored by EIN 222242744. Full sponsor profile →
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