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PBGC Trusteed Plan · Case 7622601
The INGERSOLL PRODUCTS C-2 UAW HOURLY RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by INGERSOLL PRODUCTS CORP of CHICAGO, IL, was terminated on 1985-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1986-03-11. At the date of termination the plan had 408 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 |
|---|---|---|
| INGERSOLL PRODUCTS CORP SALARIED RETIREMENT PLAN | 1987-11-30 | 116 |
| INGERSOLL PRODUCTS CORPORATION IAM PENSION PLAN | 1987-11-30 | 98 |
All plans sponsored by EIN 363086673. Full sponsor profile →
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