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NEW PROCESS TWIST DRILL CO PENSION PLAN

PBGC Trusteed Plan · Case 5794800

The NEW PROCESS TWIST DRILL CO PENSION PLAN, a single-employer defined-benefit pension plan sponsored by NEW PROCESS TWIST DRILL CO of TAUNTON, MA, was terminated on 1977-12-23 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1984-04-09. At the date of termination the plan had 24 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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