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PBGC Trusteed Plan · Case 21276400
The NICOLET INC PENSION PLAN FOR EMPLOYEES OF NORRISTOWN DIVISION, a single-employer defined-benefit pension plan sponsored by INDUSTRIAL PAPERS INC. of ERIE, PA, was terminated on 2007-09-14 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2009-10-05. At the date of termination the plan had 26 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 |
|---|---|---|
| NICOLET INC AMBLER DVISION RETIREMENT PLAN | 2007-09-14 | 56 |
All plans sponsored by EIN 221620997. Full sponsor profile →
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