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DRIVER HARRIS CO PENSION PLAN HOURLY LOCAL 1724

PBGC Trusteed Plan · Case 7620000

The DRIVER HARRIS CO PENSION PLAN HOURLY LOCAL 1724, a single-employer defined-benefit pension plan sponsored by DRIVER HARRIS CO of HARRISON, NJ, was terminated on 1985-11-12 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1986-04-23. At the date of termination the plan had 324 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
DRIVER HARRIS COMPANY STAFF PENSION PLAN1985-11-12132
DRIVER HARRIS COMPANY PENSION PLAN LOCAL 60051985-11-1228

All plans sponsored by EIN 220870220. 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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