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KENT WORLDWIDE MACHINE WORKS

PBGC Trusteed Plan · Case 18320800

The KENT WORLDWIDE MACHINE WORKS, a single-employer defined-benefit pension plan sponsored by KENT WORLDWIDE MACHINE WORKS of CUYAHOGA FALLS, OH, was terminated on 1997-07-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-06-06. At the date of termination the plan had 249 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 recently.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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