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PBGC Trusteed Plan · Case 9833400
The LUNDBERG INDUSTRIES HRLY EMPLOYEES PENSION PLAN, a single-employer defined-benefit pension plan sponsored by LUNDBERG INDUSTRIES LTD of CARLSBAD, NM, was terminated on 1988-02-16 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-04-20. At the date of termination the plan had 508 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 |
|---|---|---|
| LUNDBERG INDUSTRIES LTD SAL. EMPL RET PLAN | 1988-02-16 | 261 |
| LUNDBERG INDUSTRIES LTD HRLY EMPL PENSION PLAN | 1988-02-16 | 19 |
All plans sponsored by EIN 850340092. Full sponsor profile →
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