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PARADIGM MEDICAL TEAMS INC PTR

PBGC Trusteed Plan · Case 17750300

The PARADIGM MEDICAL TEAMS INC PTR, a single-employer defined-benefit pension plan sponsored by PARADIGM MEDICAL TEAMS INC of QUINCY, MA, was terminated on 1994-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1999-08-04. At the date of termination the plan had 40 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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