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
pension benefit guaranty corp. and sec - 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 ...
The Pension Protection Act of 2006 - a comprehensive reform package.
- 2006-11-01
EXECUTIVE SUMMARY * The PPA '06 makes many changes that will facilitate certain plan designs and affect how plans operate. * The PPA '06 makes permanent more than three dozen EGTRRA rules affecting IRAs and retirement plans. * Several...
Washington Briefs.(News)
- 2006-09-18
EBSA seeking comment on plan auditor guidelines WASHINGTON - The Employee Benefits Security Administration is seeking public comment on whether to update guidelines intended to ensure the independence of accountants who audit employee benefit plans EBSA seeking comment on plan auditor guidelines ...
House passes pension reform bill
- 2006-02-01
Now that the House passed its pension reform bill, H.R. 2830, and the Senate passed its version, S. 1783, the two bills will go to conference. They are similar in some respects but different in others. Both bills raise the premiums that companies pay to the quasi-public Pension Benefit Guaranty...
News Briefs: PBGC bailout bill likely dead in House until next spring.(Briefs)(Pension Benefit Guaranty Corp.)(Caterpillar Inc. contributes $530 million to its U.S. pension master trust)(FirstEnergy Corp. to contribute up to $600 million to unit plans)
- 2005-12-12
WASHINGTON - The PBGC-bailout pension bill is unlikely to come up for a vote in the U.S. House before Congress adjourns for the year, a spokeswoman for House Majority Leader Roy Blunt, (R-Mo.) confirmed. Instead, sources said they expect the House wo WASHINGTON - The PBGC-bailout...
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...
Corporate credit ratings at issue
- 2005-09-01
The failure of Moody's and Standard & Poor's, the two ratings giants, to predict the corporate financial disasters at Enron and WorldCom is the rationale Rep. Mike Fitzpatrick (R.-Pa.) is citing for his Credit Rating Agencies Relief Act of 2005 (H.R. 2990). The legislation was the subject of hearings in...
Strategic Finance: quiz 3 CPE credits
- 2004-01-01
Earn Continuing Professional Education Credit ANNOUNCEMENT The IMA is launching a new online self-study course, Strategic Finance Online Learning Program, this month. This program is in response to the new NASBA guidelines that took effect January 1, 2004. If you are an existing subscriber and a CMA...
At Deadline; Virginia boosts hedge funds.(Late News)
- 2003-11-24
The $36.8 billion Virginia Retirement System expects to increase its hedge fund exposure by up to $300 million, bringing it to $750 million to $800 million by the end of the first quarter of 2004. Most of the new allocation will go to existing hedge ...
Congress reviews Sarbanes-Oxley
- 2003-11-01
WHEN HE OPENED HEARINGS ON how the corporate world has adapted to the "Sarbanes-Oxley" (S-O) world, Senate Banking Committee Chairman Richard Shelby (R.-Ala.) didn't sound as if he had much sympathy for corporate financial executives who have been complaining about the negative impact on corporate decision making of such things...
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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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