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PBGC Trusteed Plan · Case 20613800
The THE WAPAKONETA MACHINE COMPANY SALARIED EMPLOYEES' PENSION PLAN, a single-employer defined-benefit pension plan sponsored by WAPAKONETA MACHINE COMPANY of WAPAKONETA, OH, was terminated on 2005-12-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2007-09-26. At the date of termination the plan had 50 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 |
|---|---|---|
| PENSION PLAN FOR HOURLY EMPLOYEES OF THE WAPAKONETA MACHINE COMPANY | 2005-12-31 | 91 |
All plans sponsored by EIN 344385830. Full sponsor profile →
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