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PBGC Trusteed Plan · Case 3798400
The LUDWIG HONOLD MANUFACTURING COMPANY SAL EMPL P P, a single-employer defined-benefit pension plan sponsored by LUDWIG HONOLD MFG CO of WILMINGTON, DE, was terminated on 1981-11-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1983-04-08. At the date of termination the plan had 28 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 |
|---|---|---|
| LUDWIG HONOLD MANUFACTURING COMPANY HRLY PEN PLAN | 1981-11-30 | 225 |
All plans sponsored by EIN 231274002. Full sponsor profile →
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