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PBGC Trusteed Plan · Case 19724100
The ARKANSAS GEN'L IND. INC. HRLY WAGE EE'S GROUP PP, a single-employer defined-benefit pension plan sponsored by ARKANSAS GENERAL INDUSTRIES INC. of Bald Knob, AR, was terminated on 2002-02-19 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-09-29. At the date of termination the plan had 1,017 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 |
|---|---|---|
| INDUSTRIAL GENERAL CORP EES RP | 1996-03-31 | 1,426 |
All plans sponsored by EIN 41652440. Full sponsor profile →
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