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PBGC Trusteed Plan · Case 10183501
The HOAGUE SPRAGUE CORP HOURLY PLAN, a single-employer defined-benefit pension plan sponsored by HOAGUE SPRAGUE CORPORATION of BOSTON, MA, was terminated on 1987-12-14 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1991-06-06. At the date of termination the plan had 26 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 |
|---|---|---|
| HOAGUE SPRAGUE CORP HOURLY EMPLOYEES PENSION PLAN | 1987-12-14 | 42 |
| HOAGUE SPRAGUE CORP SAL EMPL PENSION PLAN | 1984-06-25 | 36 |
| HOAGUE SPRAGUE CORP PENSION PLAN CONVERTER DIV | 1982-11-07 | 14 |
All plans sponsored by EIN 42528424. Full sponsor profile →
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