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HANDY BUTTON MACHINE CO. SALARIED & CLERICAL EMPLOYEES PENSION PLAN

PBGC Trusteed Plan · Case 21704200

The HANDY BUTTON MACHINE CO. SALARIED & CLERICAL EMPLOYEES PENSION PLAN, a single-employer defined-benefit pension plan sponsored by HANDY BUTTON MACHINE CO. of MELROSE PARK, IL, was terminated on 2010-07-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2010-09-27. At the date of termination the plan had 83 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
HANDY BUTTON MACHINE CO. PENSION PLAN FOR HOURLY EMPLOYEES2010-07-19198

All plans sponsored by EIN 361186660. 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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