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FRICTION DIVISION PRODUCTS INC. PENSION PLAN

PBGC Trusteed Plan · Case 21726200

The FRICTION DIVISION PRODUCTS INC. PENSION PLAN, a single-employer defined-benefit pension plan sponsored by FRICTION DIVISION PRODUCTS INC. of MORRISVILLE, PA, was terminated on 2010-05-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2013-02-06. At the date of termination the plan had 26 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
FRICTION DIVISION PRODUCTS INC. PENSION PLAN FOR HOURLY PLANT2010-05-19111

All plans sponsored by EIN 521299015. 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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