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PBGC Trusteed Plan · Case 5774000
The BERLES CARTON COMPANY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by BERLES CARTON CO, INC of PATERSON, NJ, was terminated on 1984-08-06 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1985-07-02. At the date of termination the plan had 150 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.
| Plan | Terminated | Participants |
|---|---|---|
| MORRIS PAPER BOARD CO PENSION PLAN | 1984-08-06 | 44 |
All plans sponsored by EIN 221466375. Full sponsor profile →
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