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PBGC Trusteed Plan · Case 19667800
The PENSION PLAN OF SPMI (MEASUREMENT SYSTEMS DIV), a single-employer defined-benefit pension plan sponsored by CANRAD INC of CRANFORD, NJ, was terminated on 2002-02-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-03-24. At the date of termination the plan had 71 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 |
|---|---|---|
| RETIREMENT PLAN FOR HOURLY PAID EMPLOYEES OF SPMI | 2002-02-28 | 87 |
| SPMI MEASUREMENT SYSTEM DIV PEN. TR. | 2002-02-28 | 48 |
All plans sponsored by EIN 222628047. Full sponsor profile →
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