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VERNON PLASTICS, INC. RET PL FOR SALARIED EE'S

PBGC Trusteed Plan · Case 20044600

The VERNON PLASTICS, INC. RET PL FOR SALARIED EE'S, a single-employer defined-benefit pension plan sponsored by VERNON PLASTICS, INC. of HAVERHILL, MA, was terminated on 2003-07-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-06-17. At the date of termination the plan had 60 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
VERNON PLASTICS, INC. BARGAINING UNIT EE'S RET PLAN2003-07-15174

All plans sponsored by EIN 43411142. 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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