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PBGC Trusteed Plan · Case 445100
The CHAPPEL INDUSTRIES INC SALARIED, a single-employer defined-benefit pension plan sponsored by CHAPPEL INDUSTRIES INC of NAUGATUCK, CT, was terminated on 1975-11-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1976-09-30. At the date of termination the plan had 23 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 |
|---|---|---|
| CHAPPEL INDUSTRIES INC HOURLY PLAN | 1975-11-15 | 213 |
All plans sponsored by EIN 60593640. Full sponsor profile →
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