Legacy TOC Retirement Plan, established in 1961, was a defined-benefit pension plan catering to non-union employees of Western wood products employers. However, as of August 1, 2021, the plan has been terminated, and Prudential Insurance Company of America has taken over the responsibility of issuing a group annuity contract and managing all future benefits for plan members and beneficiaries.
Prudential Financial, Inc., a renowned financial institution with $1.73 trillion in assets under management, is entrusted with the task of ensuring retirement security for 4.2 million retirement plan participants and annuitants. With its recognized brand symbolized by "The Rock," Prudential pays out over $9 billion annually in gross pension benefit payments, providing strength, stability, expertise, and innovation in the financial industry.
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