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PBGC Trusteed Plan · Case 9611700
The ALLIANCE MACHINE CO HRLY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by ALLIANCE MACHINE CO of ALLIANCE, OH, was terminated on 1987-05-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-01-14. At the date of termination the plan had 418 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 |
|---|---|---|
| ALLIANCE MACHINE CO SALARIED PENSION PLAN | 1987-05-31 | 169 |
All plans sponsored by EIN 340062410. Full sponsor profile →
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