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JOHNSTON SWEEPER COMPANY RETIREMENT PLAN FOR HOURLY EMPLOYEES

PBGC Trusteed Plan · Case 21944500

The JOHNSTON SWEEPER COMPANY RETIREMENT PLAN FOR HOURLY EMPLOYEES, a single-employer defined-benefit pension plan sponsored by ALLIANZ SWEEPER COMPANY of ONTARIO, CA, was terminated on 2011-03-25 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2013-07-31. At the date of termination the plan had 72 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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