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PROGRESSIVE INDUSTRIES, INC. RETIREMENT PLAN

PBGC Trusteed Plan · Case 25156900

The PROGRESSIVE INDUSTRIES, INC. RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by PROGRESSIVE INDUSTRIES INC. of MORGANTOWN, WV, was terminated on 2026-06-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2026-07-20. At the date of termination the plan had 34 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 2026-10-13.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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