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KL INDUSTRIES, INC. PENSION PLAN FOR HOURLY PAID EMPLOYEES

PBGC Trusteed Plan · Case 20795000

The KL INDUSTRIES, INC. PENSION PLAN FOR HOURLY PAID EMPLOYEES, a single-employer defined-benefit pension plan sponsored by KL INDUSTRIES INC of ADDISON, IL, was terminated on 2007-01-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2007-06-18. At the date of termination the plan had 86 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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