Plan participants

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.
References in periodicals archive ?
Nearly all defined contribution plan participants continued contributing to their plans in the first half of 2017, according to ICI's "Defined Contribution Plan Participants' Activities, First Half 2017.
2 percent of DC plan participants changed the asset allocation of their account balances in the first three quarters of 2013.
The report shows also that loan activity among DC plan participants is higher than the level recorded five years ago.
However, securities lending can also present a number of challenges to plan participants and plan sponsors.
A final alternative under the proposed regulations allows a plan to use a default investment based on these same criteria, but using the demographics of all plan participants taken as whole (rather than for each participant individually).
To avoid this draconian tax treatment, section 409A significantly restricts when plan participants may make deferral and distribution elections, and narrowly defines when they can take distributions.
402, which makes it illegal for companies to make personal loans to directors and officers, may prohibit pension plans from making loans to any plan participants.
The presentations also will instruct plan participants on how to enroll in their company's 401(k) plan and link them directly to MetLife's participant Web site.
Unlike qualified plans, such as 401(k)s, plan participants can contribute as much as their employer will allow, up to 100 percent of compensation.
Each year, the MFEA, a national trade association for mutual fund marketers and distributors, recognizes the best marketing and communications campaigns tailored to shareholders, advisors, plan participants and the investing public.
The claim was for the convertible preferred stock it redeemed to pay plan participants.
BENEFITS IN TAX-QUALIFIED RETIREMENT PLANS generally are protected from the creditors of plan participants and insulated from claims in bankruptcy.