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SH LEGGITT CO PEN PLAN FOR HOURLY EES OF THE MARSHALL BRASS DIV

PBGC Trusteed Plan · Case 21739300

The SH LEGGITT CO PEN PLAN FOR HOURLY EES OF THE MARSHALL BRASS DIV, a single-employer defined-benefit pension plan sponsored by S. H. LEGGITT COMPANY of SAN MARCOS, TX, was terminated on 2011-03-17 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2011-05-04. At the date of termination the plan had 52 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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