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THE RETIREMENT PLAN FOR SALARIED EMPLOYEES OF ADVANCED COMPOSITE MATERIALS

PBGC Trusteed Plan · Case 24965800

The THE RETIREMENT PLAN FOR SALARIED EMPLOYEES OF ADVANCED COMPOSITE MATERIALS, a single-employer defined-benefit pension plan sponsored by HAYDALE TECHNOLOGIES INC of GREER, SC, was terminated on 2025-04-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 2025-07-14. At the date of termination the plan had 77 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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