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SUN HARBOR INDUSTRIES

PBGC Trusteed Plan · Case 3077500

The SUN HARBOR INDUSTRIES, a single-employer defined-benefit pension plan sponsored by SUN HARBOR IND of SAN DIEGO, CA, was terminated on 1980-04-10 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1984-04-18. At the date of termination the plan had 529 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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