Plan administrator

Plan Administrator

The person or company that manages a pension. That is, the plan administrator makes investment decisions with the contributions the employer and/or employees have made. The plan administrator is responsible for keeping the pension on sound financial footing.

Plan administrator.

A plan administrator is the person or company your employer selects to manage its retirement savings plan. The administrator works with the plan provider to ensure that the plan meets government regulations.

The administrator is also responsible for ensuring employees have the information needed to enroll, select, and change investments in the plan, apply for a loan if the plan allows loans, and request distributions.

References in periodicals archive ?
Under this procedure, a plan administrator or an IRA trustee, custodian or issuer (IRA trustee), may rely on this certification in accepting and reporting receipt of a rollover contribution.
28 April 2016 - US-based retirement plan administrator United Retirement Plan Consultants, Inc.
Auditors of employee benefit plans should not have any financial interests in the plan or the plan administrator that would affect their ability to render an objective, unbiased opinion about the plan's financial condition.
The Third Circuit recently held that, though a 401(k) plan administrator was required to pay the proceeds to a beneficiary who had waived her rights in the account pursuant to a divorce settlement, the account owner's estate could sue to recover these proceeds.
Upon receipt of a medical child support order, the plan administrator of a group health plan is required to determine, within a reasonable period of time, whether a medical child support order received by the plan is qualified.
8) If a participant in a defined benefit plan requests a statement of individual benefits under the plan, the plan administrator must provide it within 30 days.
401(k) plan participant had a right to sue the plan administrator for breach of fiduciary duty under ERISA [section] 502(a)(2) (LaRue u.
According to Rose Mary Abrams, corporate paralegal and stock plan administrator at AmberWave Systems Corp.
1) She contacts his pension plan administrator to receive the death benefit payable upon her husband's passing.
Thus, a plan administrator may be required to provide a participant notice for 2002 or 2003 even though a variable-rate premium was not paid for that plan year.
NovaSys Health, an Arkansas-based managed care company and health plan administrator, has been elected as a health plan administrator for the Arkansas State Employees Association (effective Jan.
HRA relies on PAI as its plan administrator for enrollment, eligibility and billing, as well as coordination of third-party administrative contracts for provider networks and claims.