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PBGC Trusteed Plan · Case 21107400
The PRECISION CUSTOM COMPONENTS HOURLY EMPLOYEES' RETIREMENT AND PENSION, a single-employer defined-benefit pension plan sponsored by PRECISION COMPONENTS II LLC of YORK, PA, was terminated on 2007-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-06-09. At the date of termination the plan had 546 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 |
|---|---|---|
| PRECISION CUSTOM COMPONENTS SALARIED EMPLOYEES' RETIREMENT AND PENSION | 2007-12-31 | 408 |
All plans sponsored by EIN 260075116. Full sponsor profile →
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