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JOHNSTON INDUSTRIES INC. SALARIED EMPLOYEES' PENSION PLAN

PBGC Trusteed Plan · Case 19936600

The JOHNSTON INDUSTRIES INC. SALARIED EMPLOYEES' PENSION PLAN, a single-employer defined-benefit pension plan sponsored by JOHNSTON INDUSTRIES INC. of —, —, was terminated on 2003-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-03-25. At the date of termination the plan had 345 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

All plans sponsored by EIN 111749980. 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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