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MARION MALLEABLE IRON WORKS INC #299 INTERNATIONAL

PBGC Trusteed Plan · Case 1788400

The MARION MALLEABLE IRON WORKS INC #299 INTERNATIONAL, a single-employer defined-benefit pension plan sponsored by MARION MALLEABLE IRON WORKS of MARION, IN, was terminated on 1977-08-11 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-05-15. At the date of termination the plan had 188 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.

References

1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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