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NORTHERN MATERIALS CORP, INC DBPP

PBGC Trusteed Plan · Case 18771000

The NORTHERN MATERIALS CORP, INC DBPP, a single-employer defined-benefit pension plan sponsored by NORTHERN MATERIALS CORP, INC. of WICKENBURG, AZ, was terminated on 1987-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2000-05-09. At the date of termination the plan had 16 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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