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CARR TOOL AND MACHINE COMPANY INC RETIREMENT PLAN FOR THE EMPLOYEES

PBGC Trusteed Plan · Case 20311500

The CARR TOOL AND MACHINE COMPANY INC RETIREMENT PLAN FOR THE EMPLOYEES, a single-employer defined-benefit pension plan sponsored by HELLENDALL DISTRIBUTORS INC of ABINGTON, PA, was terminated on 2004-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2005-10-11. At the date of termination the plan had 9 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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