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The Spirax Sarco, Inc. Pension Plan
The Spirax Sarco, Inc. Pension Plan is a private sector, non-contributory defined benefit pension fund located in South Carolina, US. It provides participants...
The Spirax Sarco, Inc. Pension Plan
The Spirax Sarco, Inc. Pension Plan is a private sector, non-contributory defined benefit pension fund located in South Carolina, US. It provides participants with a monthly retirement benefit upon reaching a specific age and is currently a "frozen" plan, meaning no new benefit accruals.
General information
Firm type
Pension Fund
Year founded
1957
Location
Region
North America
Country
United States
City
Blythewood
Corporate office
Blythewood, South Carolina, United States
Frequently asked questions
Is the Spirax Sarco, Inc. Pension Plan still open to new participants?
No. The plan is frozen, meaning it no longer accrues new benefits for participants. Current participants retain the benefits they had already earned up to the freeze date, and the plan exists solely to pay out those legacy obligations over time.
Who sponsors and guarantees the pension plan?
The plan is sponsored by Spirax Sarco, Inc., the US operating subsidiary of Spirax Group (formerly Spirax-Sarco Engineering plc), a publicly traded company headquartered in Cheltenham, UK. The financial strength of the parent company indirectly supports the plan's ability to meet its obligations.
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