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SK HAND TOOL CORP PENSION PLAN FOR LOCAL #1356

PBGC Trusteed Plan · Case 21712800

The SK HAND TOOL CORP PENSION PLAN FOR LOCAL #1356, a single-employer defined-benefit pension plan sponsored by SK HAND TOOL CORPORATION of CHICAGO, IL, was terminated on 2010-08-09 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2011-03-23. At the date of termination the plan had 197 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.

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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