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PBGC Trusteed Plan · Case 20038300
The WORCESTER GEAR WORK, INC. NON-BARGAINING EE'S RET PL, a single-employer defined-benefit pension plan sponsored by WORCESTER GEAR WORKS, INC. of WORCESTER, MA, was terminated on 2003-08-22 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2004-12-08. At the date of termination the plan had 23 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 |
|---|---|---|
| WORCESTER GEAR WORKS, INC. BARGAINING EE'S RET PLAN | 2003-08-22 | 49 |
All plans sponsored by EIN 43063166. Full sponsor profile →
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