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PRESTO LOCK, INC. NON UNION PLAN

PBGC Trusteed Plan · Case 17932600

The PRESTO LOCK, INC. NON UNION PLAN, a single-employer defined-benefit pension plan sponsored by PRESTO LOCK INC. of Gargield, NJ, was terminated on 1998-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1998-11-13. At the date of termination the plan had 43 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.

Other plans from the same sponsor

PlanTerminatedParticipants
PRESTO LOCK IUE AFL-CIO SINGLE EMPLOYER MASTER PENSION PLAN1998-09-3024

All plans sponsored by EIN 222376175. Full sponsor profile →

References

  1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
  2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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