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Plan Participants

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Plan participants
Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan.

Plan Participant
One who contributes to and/or is eligible to receive benefits from an employer-sponsored retirement plan or pension. This includes person(s) contributing to a 401(k), as well as retired persons who are making withdrawals from their accounts. Plan participants' rights with regard to their plans are regulated by the Employee Retirement Income Security Act (ERISA). Covered employees have the right to see the plan's annual tax forms on demand, and the right to sue the plan. Generally, planned participants need to participate in the plan for a certain number of years before becoming eligible for the maximum allowable benefits.


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Has expanded its network of internationally accredited hospitals for plan participants looking overseas for medical treatment.
The Supreme Court reversed, holding that although [section] 502(a)(2) does not provide a remedy for individual injuries, it does authorize recovery by individual plan participants where an administrator's breach of fiduciary duty has impaired the value of the assets in that individual's account.
The new law will lead many companies to change the way their plans are designed and administered, amend plan documents, increase plan funding, and make additional plan disclosures in regulatory filings and to plan participants.
 
 
 
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