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HERTLEIN SPECIAL TOOL CO., INC. PP

PBGC Trusteed Plan · Case 19362000

The HERTLEIN SPECIAL TOOL CO., INC. PP, a single-employer defined-benefit pension plan sponsored by HERTLEIN SPECIAL TOOL CO., INC. of MOUNT VERNON, NY, was terminated on 2002-03-27 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2002-04-30. At the date of termination the plan had 86 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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