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CONGOLEUM CORPORATION PLANT 2 RETIREMENT PLAN

PBGC Trusteed Plan · Case 20132400

The CONGOLEUM CORPORATION PLANT 2 RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by CONGOLEUM CORPORATION of TRENTON, NJ, was terminated on 2020-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2021-01-25. At the date of termination the plan had 183 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.

Other plans from the same sponsor

PlanTerminatedParticipants
CONGOLEUM CORPORATION HOURLY RETIREMENT PLAN2020-10-31641
CONGOLEUM CORPORATION RETIREMENT PLAN FOR SALARIED EMPLOYEES2020-10-31523

All plans sponsored by EIN 20398678. Full sponsor profile →

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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