Toc Management Services

Toc in Everett, WA was a defined-benefit pension plan established in 1961 by a group of Western wood products employers to provide retirement benefits for their non-union employees. However, effective May 31, 2011, future benefit accruals under the plan were permanently frozen, and no further benefits would accrue after that date.

The plan was terminated on August 1, 2021, and the Board of Trustees entered into a contract with Prudential Insurance Company of America. Prudential agreed to issue a group annuity contract and assume responsibility for paying all future benefits for plan members and beneficiaries. Detailed information about this process was sent to all members and beneficiaries by both the plan and Prudential.

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