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Triangle Wire & Cable Pension Plan for Hourly Employees
The plan was established to fund post-retirement obligations for hourly employees of Triangle Wire & Cable, a domestic manufacturer of wire and cable products.
Triangle Wire & Cable Pension Plan for Hourly Employees
The plan was established to fund post-retirement obligations for hourly employees of Triangle Wire & Cable, a domestic manufacturer of wire and cable products. It functions as a traditional single-employer defined benefit pension, meaning the sponsoring company bears the investment risk and is responsible for ensuring the plan remains adequately funded under guidelines set by the Employee Retirement Income Security Act of 1974. The plan's existence reflects the manufacturing economy of New York State prior to the broad shift toward defined contribution retirement structures. Investment strategy for a plan of this type typically centers on a liability-driven framework, matching long-duration fixed income assets against the projected benefit obligations of the hourly workforce. The asset mix often includes investment-grade corporate bonds, U.S. Treasuries, and a smaller allocation to public equities and real estate to seek incremental return. Geographic exposure is concentrated in the United States, consistent with the plan sponsor's domestic operations and the liability profile denominated in U.S. dollars. Any co-investment or alternative-asset activity would be unusual given the plan's scale and fiduciary constraints. Administrative oversight is provided by trustees appointed by the plan sponsor, with day-to-day management often outsourced to an institutional investment consultant and an actuarial firm. The plan files annual reports through the Department of Labor's Form 5500 process, though asset levels and specific holdings are not publicly detailed in a widely accessible format. The sponsor, Triangle Wire & Cable, provides the funding support, and the plan's health is tied to the ongoing viability of that underlying manufacturing business. Structurally, the plan differs from multi-employer or public pension funds because it serves a single, private industrial workforce. Its governance is subject to the joint oversight of company fiduciaries and the Pension Benefit Guaranty Corporation. For an institutional allocator, the plan represents a pool of captive, income-focused capital managed within the tight regulatory perimeter of ERISA, with no mandate for external fundraising or capital-return pressure beyond meeting its actuarial target.
General information
Firm type
Pension Fund
Year founded
1959
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Frequently asked questions
What type of pension plan is the Triangle Wire & Cable Pension Plan for Hourly Employees?
It is a single-employer defined benefit plan, sponsored by Triangle Wire & Cable, a private-sector manufacturing company based in New York. This structure guarantees a specific monthly benefit to hourly retirees, calculated through a formula that typically accounts for years of service and salary history. The employer retains full funding responsibility and bears the investment risk.
How is the plan governed and who makes investment decisions?
Governance falls to a board of trustees appointed by the sponsoring company, Triangle Wire & Cable, acting as named fiduciaries under ERISA. In practice, a plan of this size usually delegates asset-allocation decisions to an external institutional investment consultant, while the trustees retain ultimate oversight. An enrolled actuary independently certifies the plan's funded status annually.
Does this plan invest in private equity, venture capital, or hedge funds?
As a smaller, single-employer manufacturing pension, its alternative-asset exposure is probably limited or nonexistent. The primary strategy is a liability-driven fixed income portfolio designed to defease monthly benefit checks. Any deviation into private markets would appear on its public Form 5500 filing, but such allocations are atypical for plans of this profile.
What is the plan's relationship to the Pension Benefit Guaranty Corporation?
The plan is covered by the PBGC's single-employer insurance program, which protects earned benefits up to legal limits if the sponsor cannot fund the plan. Triangle Wire & Cable pays annual PBGC premiums, and the corporation has a claim on the sponsor's assets in a termination scenario. This backstop is a material credit consideration for any long-dated fixed income manager working with the plan.
Where does the plan's capital come from?
Funding originates exclusively from employer contributions made by Triangle Wire & Cable as required by ERISA minimum funding rules. There are no employee contributions, a defining characteristic of a traditional hourly defined benefit plan. Contribution levels are recalculated annually based on the plan's funded ratio and actuarial assumptions about workforce demographics.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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