Federal Data Hub › PBGC Trusteed Plans · JSON
PBGC Trusteed Plan · Case 533500
The ENGEL INDUSTRIES INC HOURLY EMPL PENSION PLAN, a single-employer defined-benefit pension plan sponsored by ENGEL IND INC . of ST LOUIS, MO, was terminated on 1975-12-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1977-08-30. At the date of termination the plan had 33 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.
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