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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Suit filed by ex-Delphi salaried group
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Time for true pension reform Politico
News & Analysis
Filter by
internal revenue service and pension benefit guaranty corp. - All News and Analysis
New rules put spotlight on pension funding liabilities
- 2008-05-01
Rules proposed by the federal Internal Revenue Service and the Pension Benefit Guaranty Corp. are designed to safeguard multiemployer pension plans.
Employee Benefits Law: ERISA and Beyond Features a Number of IRS and PBGC Forms, and Includes Thorough Coverage of Recent Landmark Supreme Court Decisions
- 2006-02-14
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c32848) has announced the addition of Employee Benefits Law: ERISA and Beyond to their offering.
Employee Benefits Law: ERISA and Beyond features a number of IRS and PBGC forms, and includes thorough coverage of recent landmark Supreme Court decisions.
- 2006-02-13
M2 PRESSWIRE-13 February 2006-Research and Markets: Employee Benefits Law: ERISA and Beyond features a number of IRS and PBGC forms, and includes thorough coverage of recent landmark Supreme Court decisionsC1994-2006 M2 COMMUNICATIONS LTD RDATE:16022006 Dublin - Research and Markets (http://www.researchandmarkets.com/reports/c32850)...
PBGC says legislation could worsen its financial woes.(Tax Watch)
- 2005-10-17
Byline: Mark Battersby The Pension Benefit Guaranty Corp., the federal agency that insures private pension plans, has concluded that its financial problems could get worse under House and Senate bills intended to strengthen the traditional pe Byline: Mark...
New IRS material helps retirement plans stay compliant
- 2003-11-01
The IRS released new materials to help small businesses and plan administrators understand how to keep employee retirement plans eligible for tax-favored status. These materials, in various formats, explain the IRS programs available to assist employee-retirement plan administrators navigate the complex tax laws. The materials also explain how to...
New Health Care Credit.(Internal Revenue Service)(Brief Article)
- 2003-11-01
The IRS estimates that nearly 200,000 people may qualify for a new Health Coverage Tax Credit. They include retirees age 55 and older who are receiving their pension payments from the Pension Benefit Guaranty Corp. and are not yet eligible for Medica The IRS estimates that...
The San Diego Union-Tribune Don Bauder Column.
- 2002-03-19
By Don Bauder, The San Diego Union-Tribune Knight Ridder/Tribune Business News Mar. 19--EMPLOYERS GET BREAK ON PENSION RULE: This month's economic stimulus package gave a break to employers funding defined benefit plans, but unless the economy goes south unexpectedly and decisively,...
Changes To Plan Tax Forms Confuse Sponsors.
- 2000-10-23
Many of the accountants, lawyers and other advisers who help benefit plan sponsors file their plan tax returns are still recovering from massive changes to the reporting system. The Internal Revenue Service, the Pension Benefit Guaranty Corp. and the U.S. Department of Labor tried...
Don't lose track of retirement plan participants.
- 2000-01-10
Locating participants in a company's retirement plan used to be relatively easy. Most employees worked for one company for decades and then retired from it. Now, however, the work force is much more mobile. Many people work for a relatively short time at one...
IRS, PBGC offer guidance on several benefit issues. (Pension Benefit Guaranty Corp.)
- 1995-12-25
WASHINGTON - When the new year begins, employers will have to comply with three new sets of employee benefit plan rules from two agencies. Proposed rules issued last week by the Internal Revenue Service: * Provide new guidance for employers that offer WASHINGTON - When the new...
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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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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
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Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
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American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
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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 | |
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