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$12 million pension plan was started in 1943.

$12 Million Pension Plan Was Started In 1943

Company: Crow-Burlingame City: Little Rock Contact: Don Mahurin Funds: Defined Benefits Pension Plan

Crow Burlingame's pension plan had approximately 500 participants and assets of $12 million as of the end of March 1991.

Presently, 63 participants are drawing benefits from the plan. The plan was started in 1943 or 1944 says E.Fletcher Lord Jr., president of Crow-Burlingame. That was a popular time to start pension plans he says, because the government had put a freeze on corporate profits.

Crow-Burlingame is a wholesale distributor of automotive parts, with 73 stores in the states of Arkansas, Missouri and Louisiana.

PHOTO : ASSETS APLENTY: E. Fletcher Lord Jr, president of Crow Burlingame. The company's pension plan has $12 million in assets.
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Title Annotation:Crow-Burlingame
Publication:Arkansas Business
Date:Apr 29, 1991
Words:126
Previous Article:$7.7 million-pension fund has 23 participants.
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