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CONTROL TRANSFORMER BARGAINING UNIT PENSION PLAN

PBGC Trusteed Plan · Case 19813500

The CONTROL TRANSFORMER BARGAINING UNIT PENSION PLAN, a single-employer defined-benefit pension plan sponsored by AJAX MAGNETHERMIC CORPORATION of WARREN, OH, was terminated on 2002-09-10 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2003-07-21. At the date of termination the plan had 46 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.

Other plans from the same sponsor

PlanTerminatedParticipants
AJAX MAGNETHERMIC CORP. EMPLOYEES' PENSION PLAN2002-09-10242
AJAX MAGNETHERMIC CORPORATION PRODUCTION & MAINTENANCE EMPLOYEES PLAN2002-09-10181

All plans sponsored by EIN 341174110. Full sponsor profile →

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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