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
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Congress wants Delphi pension situation to be 'fixed'
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Pension Benefit Guaranty Corporation PBGC Selects Siteworx for Web site Evaluation and User Experience Enhancements
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Blue Wolf Exec to Head U.S. Pension Agency
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Hayes Lemmerz strikes deal with PBGC, retirees
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Delphi retirees head to D.C.: Group will have hearing on lost benefits before Senate committee
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The PBGC strikes again
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NC's Hanesbrands boosts pension plan guarantees
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BRIEF-U.S. pension agency reaches $13.8 mln agreement with Hanesbrands
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Time for true pension reform Politico
News & Analysis
Filter by
equity and pension benefit guaranty corp. - All News and Analysis
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; More private equity leeway.(Late News)(CalPERS will consider giving senior staff authority to make commitments up to $400 million per deal to new private equity vehicles)(U.S. auto industry bankruptcies could shift $65 billion in pension asse
- 2006-04-17
CalPERS will consider giving senior staff authority to make commitments up to $400 million per deal to new private equity vehicles, while the CIO would have discretion to commit up to $600 million, under a proposal that will be considered by the $207 CalPERS will consider...
At Deadline; Tulane seeks fee waiver.(Late News)
- 2005-12-26
Tulane University has asked its external money managers to waive the fees they charge the university as it works to recover from Hurricane Katrina. University spokesman Mike Strecker said the university sent about 40 letters to managers and that & Tulane University has...
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...
At Deadline; Amerindo founders charged.(Late News)
- 2005-05-30
Alberto Vilar, founder and president of Amerindo Investment Advisors, was arrested and charged with defrauding a client of $5 million, said Allan Weissmann, inspector and public information officer with the Postal Inspection Service in New York. The Alberto Vilar, founder and president of Amerindo Investment...
At Deadline; 'Bama adding to equity.(Late News)
- 2005-01-24
Officials at the $25.8 billion Retirement Systems of Alabama plan to shift assets from cash to its $11 billion domestic equity portfolio if interest rates stay low and the stock market continues to stagnate. CIO Marc Green said the pension fund has Officials at...
At Deadline; Ala. settles over WorldCom.(Retirement Systems of Alabama)
- 2004-10-04
The $22 billion Retirement Systems of Alabama will receive $111 million in a settlement with WorldCom's three investment banks and an accounting firm. JPMorgan Securities, Citigroup Global Markets, Banc of America Securities and the former Arthur And The $22 billion Retirement Systems of Alabama will receive...
At Deadline; CapGuardian mulls changes.(Late News)
- 2004-08-09
Capital Guardian Trust is considering "significant changes within the firm'' in response to concerns about the company's investment results in recent years, Stanley Mavromates, deputy CIO of the $32.6 billion Massachusetts Pension Reserves Inve Capital Guardian Trust is considering "significant changes within the firm''...
Saving the PBGC: It need never face another crisis.(Other Views)
- 2003-10-13
Byline: Zvi Bodie and Jeremy Gold The consensus among corporate pension plan sponsors has long been that an asset mix containing 60% to 80% equities is prudent. Some dissenters have stressed that the safest investment policy is to match the pensio Byline: Zvi...
News Briefs; University of California gives up its court battle; discloses limited private equity investment data.
- 2003-10-13
BERKELEY, Calif. - University of California officials released limited information Oct. 3 about its $80 million in private equity investments, after losing a court battle to keep from disclosing the information. The court ordered the university to re BERKELEY, Calif. - University of California officials released...
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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
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Paychex Inc. F2Q10 (Qtr End 11/30/09) Earnings Call Transcript
on Dec 17, 2009about PAYX
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Discover Financial Services F4Q09 (Qtr End 11/30/09) Earnings Call Transcript
on Dec 17, 2009about DFS
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VeriFone Holdings, Inc. F4Q09 (Qtr End 10/31/09) Earnings Call Transcript
on Dec 14, 2009about PAY
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H&R Block, Inc. F2Q10 (Qtr End 10/31/09) Earnings Call and Investment Community Conference Transcript
on Dec 08, 2009about HRB
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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