BNET Industries
- Private
- US
Dow Jones Description
PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of 44.1 million American workers and retirees in 30,330 private single-employer and multiemployer defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.
Contact Information
Office of the General Counsel
1200 K Street, N.W.
Washington, District of Columbia 20005-4026
(202) 326-4400
Peer Companies
NAICS Code Pension Funds: 525110
Recent Events
-
Congress wants Delphi pension situation to be 'fixed'
-
Pension Benefit Guaranty Corporation PBGC Selects Siteworx for Web site Evaluation and User Experience Enhancements
-
Blue Wolf Exec to Head U.S. Pension Agency
-
Hayes Lemmerz strikes deal with PBGC, retirees
-
Delphi retirees head to D.C.: Group will have hearing on lost benefits before Senate committee
-
The PBGC strikes again
-
NC's Hanesbrands boosts pension plan guarantees
-
BRIEF-U.S. pension agency reaches $13.8 mln agreement with Hanesbrands
-
Suit filed by ex-Delphi salaried group
-
Time for true pension reform Politico
News & Analysis
Filter by
asset and pension benefit guaranty corp. - All News and Analysis
News briefs.(Knoxville City Employees' Pension Fund )(Ohio Police & Fire Pension Fund )
- 2007-07-09
Study: more plans look at governance WASHINGTON - Many multinational companies are scrutinizing global investment policies and risk management strategies related to their retirement plans, according to a new Watson Wyatt Worldwide survey. About 78 Study: more plans look at governance ...
At deadline.(briefs)
- 2007-02-19
Pension giant in works? General Motors' possible purchase of the Chrysler Group would create the fifth-largest U.S. pension fund, with assets of almost $148 billion. Currently, GM is ranked sixth with $119 billion in pension assets as of Sept. 30; Pension giant in...
At Deadline.(Delta Air Lines retirement plan, U.S pension plans)
- 2007-01-08
PBGC takes over Delta plan Delta Air Lines Pilots Retirement Plan has been taken over by the PBGC, confirmed Gary Pastorius, spokesman for the agency. The PBGC became trustee of the plan and assumes responsibility for the pension benefits of the A PBGC...
Who killed DB plans? All the usual suspects.(defined benefit plans)
- 2006-12-11
Byline: Douglas A. Love From asset managers to consultants, from plans sponsors to regulators, every major institution and professional practice surrounding defined benefit pension plans unintentionally has been an enabler of their impending demis Byline: Douglas A. Love From asset...
Ohio plans file federal lawsuit against UnitedHealth.(Employees' Retirement System filed a federal lawsuit against former directors)(executive director of the PBGC would have to be appointed by the pesident)(Cincinnati Retirement System is considering an
- 2006-05-29
MINNEAPOLIS - The Ohio Public Employees' Retirement System and Ohio State Teachers' Retirement System, both of Columbus, filed a federal lawsuit against 13 current and former directors of UnitedHealth Group Inc., Minnetonka, Minn., challenging the co MINNEAPOLIS - The Ohio Public Employees' Retirement System and ...
News Briefs: PBGC discloses 23.4% ownership stake in UAL Corp.(Pension Benefit Guaranty Corporation)
- 2006-02-20
WASHINGTON - The PBGC holds a 23.4% stake in UAL Corp., the corporate parent of United Airlines, confirmed PBGC spokesman Gary Pastorius. According to a Schedule 13D filed Feb. 2 with the Securities and Exchange Commission, the pension agency owned 1 WASHINGTON - The PBGC holds...
At Deadline; PBGC sells some UAL shares.(Late News)(Pension Benefit Guaranty Corp)(Nissan North America freezes new defined benefit plan )(Operating Engineers Pension Trust hires Rainier Investment )
- 2006-02-06
The PBGC sold roughly $2.5 billion of shares it holds in UAL Corp., parent of United Airlines, said Jeffrey Speicher, PBGC spokesman. "Total sale proceeds amounted to about $450 million, or 18 cents on the dollar .... About 30% of the recovery The PBGC...
News Briefs: Pending SEC rules move firms to boost compliance.(News Briefs)
- 2005-11-14
CHARLOTTESVILLE, Va. - Some asset managers will double their staffs and pour more money into compliance efforts this year to fulfill new regulations laid out by the SEC under the Investment Advisers Act, according to a survey by CFA Institute and the CHARLOTTESVILLE, Va. - Some...
Pension legislation may worsen PBGC deficit, study shows.(Pension Benefit Guaranty Corporation)
- 2005-10-17
WASHINGTON - The pension legislation pending in Congress could exacerbate the PBGC's $23 billion deficit, according to its own analysis. Rep. George Miller, D-Calif., ranking member on the House Education and the Workforce Committee and an opponen WASHINGTON - The pension legislation pending...
At Deadline; ITG to buy Plexus.(Late News)
- 2005-09-19
Investment Technology Group agreed to acquire transaction cost-analysis firm Plexus Group from JPMorgan Chase Bank for $11 million in cash, according to sources familiar with the deal. The deal, which sources said is expected to close in about four Investment Technology Group agreed to...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Glenn D. Gunnels | |
| Sherray Gibson | Senior Administrative Assistant |
Glenn D. Gunnels focuses his practice on all areas of employee benefits and executive compensation, including qualified and nonqualified retirement plans, welfare benefit plans, stock option plans, deferred compensation arrangements and executive employment agreements. Mr. Gunnels regularly advises corporate clients on compliance issues with respect to the U.S. Department of Labor, the U.S. Internal Revenue Service, and the Pension Benefits Guaranty Corporation. He has extensive experience with qualified retirement plans including 401(k), ESOP, and defined benefit plans; welfare benefit plans including COBRA and HIPAA issues; incentive compensation plans including stock options, supplemental retirement plans, and bonus arrangements; and employment agreements, including non-compete and confidentiality agreements. Mr. Gunnels also coauthored a chapter on retirement benefit considerations for LLCs for the book Limited Liability Companies in Kentucky.
| Organization | Position | Status |
|---|---|---|
| Schiff Hardin Llp | Partner | Current |
| U.S. Internal Revenue Service | Current | |
| Pension Benefit Guaranty Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Ncna | Administrative Assistant | Current |
| Pension Benefit Guaranty Corporation | Senior Administrative Assistant | Current |
Industry Transcripts by Seeking Alpha
-
Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
-
Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
-
Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
-
American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
-
MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
IndustryTop Rated
- As Income Mobility Falls, American Dream Fades 7 votes
- Creative Destruction and the new Money Trust 6 votes
- Civil Rights Group Teams With Wells Fargo Despite Charges of Predatory Lending 4 votes
- Geithner Deal With Wall Street Over AIG Swaps Cost Taxpayers $13 Billion 4 votes
- Analyst: Banking Industry Risks "Implosion" 3 votes
