Federal Data Hub › PBGC Trusteed Plans · JSON

DRAPER CORP. PP

PBGC Trusteed Plan · Case 19705200

The DRAPER CORP. PP, a single-employer defined-benefit pension plan sponsored by DRAPER-TEXMACO INC. of SPARTANBURG, SC, was terminated on 2002-06-20 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2005-09-15. At the date of termination the plan had 169 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
DRAPER CORP. SPARTANBURG HRLY RP2002-06-20271

All plans sponsored by EIN 561324764. 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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