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PBGC Trusteed Plan · Case 10839700
The TECH ART PLASTICS CO PENS PL FOR EMPLS NOT COVERED, a single-employer defined-benefit pension plan sponsored by TECH ART PLASTICS CO of MORRISTOWN, NJ, was terminated on 1988-05-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-05-09. At the date of termination the plan had 12 participants — current and former employees with vested retirement benefits.
When PBGC trustees a plan, it assumes responsibility for paying guaranteed retirement benefits to participants up to statutory maximums. Plans are typically trusteed after the sponsor enters bankruptcy or otherwise becomes unable to meet pension obligations.
| Plan | Terminated | Participants |
|---|---|---|
| TECH ART PLASTICE CO PENS PLAN FOR EMPLS COVERED | 1988-05-15 | 31 |
All plans sponsored by EIN 221519878. Full sponsor profile →
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