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UNITED TOOL & STAMPING COMPANY PENSION PLAN

PBGC Trusteed Plan · Case 22445900

The UNITED TOOL & STAMPING COMPANY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by UNITED TOOL & STAMPING COMPANY of WEST PATERSON, NJ, was terminated on 2013-08-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2014-06-06. At the date of termination the plan had 51 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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