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PBGC Trusteed Plan · Case 18633200
The HYDRO GP., INC. SALARIED EES RET PLAN, a single-employer defined-benefit pension plan sponsored by HYDRO GROUP INC of Bridgewater, NJ, was terminated on 1998-03-25 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-01-29. At the date of termination the plan had 126 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 |
|---|---|---|
| HYDRO GP, INC. UN EES RET PLAN | 1998-03-25 | 77 |
| HYDRO GR., INC. HRLY NON-UN EES RET PLAN | 1998-03-25 | 44 |
All plans sponsored by EIN 221551409. Full sponsor profile →
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