Tam International Defined Benefit Pension Plan

Tam International Defined Benefit Pension Plan

TAM International, Inc. sponsors this defined benefit plan for its employees from its headquarters on Southerland Road in Houston, Texas. The parent company specializes in inflatable and swellable packer technologies used in well-completion and downhole isolation for the oil and gas sector. The pension plan operates under a floor-offset design: the defined benefit formula establishes a guaranteed minimum, but the employer offsets that obligation dollar-for-dollar against the participant's balance in TAM's defined contribution plan. This architecture directly links the pension trust's funded status to the performance of participant-directed accounts. The plan's asset pool is modest by institutional standards, consistent with a privately held, mid-market industrial sponsor. Investment stewardship runs through TAM International's corporate officers, led by Machowski. The trust's investment posture likely centers on conventional fixed income and diversified public equity exposures sufficient to satisfy ERISA funding requirements and PBGC premium minimization. No direct real-asset segregation is disclosed, though the parent sponsor holds its Houston industrial facility and Canadian operating subsidiaries. SaskWorks Venture Fund Inc. maintains a 2.02% venture portfolio stake in TAM International Inc. Class A common voting shares, per Canadian public filings, but pension assets are legally distinct from corporate treasury. TAM International participates in industry groups including the World Nuclear Association and Partnership Lake Houston, reflecting the operational footprint of the plan sponsor rather than the pension trust itself. Philanthropic giving channels through TAM International Philanthropic Giving, a sponsor-level vehicle unconnected to plan assets. The plan has not publicly reported a funded status ratio, investment policy statement, or asset manager roster. In the absence of participant-level disclosures, the trust's scale can be inferred from the sponsor's private-company profile: an energy-services manufacturer with a specialized product line and a multi-country operational base. This plan's structural differentiator is its floor-offset architecture, which transfers a portion of longevity and sequencing risk from the sponsor to participants by pegging the net benefit to individual defined contribution outcomes. That design is more prevalent among large corporate and multiemployer plans; its presence inside a private, founder-led industrial company signals a deliberate capital-allocation choice to limit pension liability growth. The arrangement suggests the plan operates near fully funded status, though no actuarial report is available for external verification.