Since 1975, 3,469 terminations of underfunded single-employer plans have resulted in total claims of over $20.6 billion.
Total annual claims have varied widely, ranging from a low of $28.6 million in 1984 to a high of almost $6.4 billion in 2003.
The fi rms presenting the ten largest claims have accounted for nearly 55 percent of all claims against PBGC from 1975 to 2004.