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PBGC Trusteed Plan · Case 8499800
The RELIABLE NESCO INC PHIL. RET. PLAN FOR HRLY EMP, a single-employer defined-benefit pension plan sponsored by RELIABLE STEEL DRUM CO INC of MILFORD, CT, was terminated on 1984-09-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1987-05-05. At the date of termination the plan had 110 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 |
|---|---|---|
| RELIABLE STEEL DRUM CO INC. EMPLOYEES PEN PLAN | 1987-05-31 | 49 |
All plans sponsored by EIN 60768924. Full sponsor profile →
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