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PBGC Trusteed Plan · Case 22700300
The HOFMANN INDUSTRIES INC. SALARIED EMPLOYEES' PENSION PLAN, a single-employer defined-benefit pension plan sponsored by HOFMANN INDUSTRIES INC. of SINKING SPRING, PA, was terminated on 2015-06-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2017-05-11. At the date of termination the plan had 135 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 |
|---|---|---|
| HOFMANN INDUSTRIES INC. UNITED STEELWORKERS OF AMERICA PENSION PLAN | 2015-06-30 | 404 |
All plans sponsored by EIN 230701805. Full sponsor profile →
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