Plan administrator

(redirected from Plan Administrators)

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 ?
The following tips can help plan administrators hire an auditor who will perform a high-quality audit.
Corporate plan sponsors rate satisfaction with stock plan administrators and commercial systems - AST Equity Plan Solutions, E*TRADE, Bank of America Merrill Lynch and E*TRADE's Equity Edge are highest rated
Equity Focus is a browser-based stock plan administration system that helps financial executives and stock plan administrators at venture-backed and other privately held companies make multimillion-dollar decisions concerning new investors, merger partners or any future exit strategy "with the confidence that they have a complete picture of every aspect of their companies' total capitalization," the Needham, Mass.
Companies and plan administrators will need to understand the effects of the new law on their plans and seek professional advice and assistance in implementing the new requirements.
Harmonizing the state's rules with the abundant federal authority in this area will not only facilitate administration and compliance for employers, but also employees, plan administrators, and the state, the Institute noted.
netstockdirectcom), then follow the instructions by any of the 1,400 individual companies listed on the site to receive materials from their plan administrators (some enrollment forms are available on the site).
The addition of these resources provides health plan administrators unparalleled speed-to-market and flexibility.
Lakkides, president of Corporate Plan Administrators, and Thomas H.
Department of Labor's Employee Benefits Security Administration has issued frequently asked questions and answers to provide guidance to plan administrators and accountants on complying with the requirements of the 2003 Form 5500 Annual Return/Report of Employee Benefit Plan for reporting delinquent participant contributions in the Form 5500 Schedules.
PBGC) proposed a statement of policy that would revise the structure of penalties assessed against pension plan administrators who fail to notify participants of underfunding and of the extent to which the PBGC would compensate for such deficiencies (www.