Plan provider


Also found in: Medical.

Plan Provider

In IRAs and other retirement accounts, the investment company that manages the plan. That is, a brokerage that invests an IRA on behalf of its contributor is the plan provider for that account. A plan provider may be a brokerage, insurance company, mutual fund, or any other investment company.

Plan provider.

The plan provider of a retirement savings plan, such as a 401(k), 403(b), or 457 plan, is the mutual fund company, insurance company, brokerage firm, or other financial services company that creates, sells, and manages the plan your employer selects.

References in periodicals archive ?
However, 13 percent will rely on their plan provider to arrange for an auditor, and 19 percent will hire a new auditor, 10 percentage points higher than a year ago.
One plan provider has not allowed withdrawals or transfers since last September because of a low performing fund.
A poll for company health plan provider LHF said people in the region were putting their health at risk by reporting for work when genuinely poorly.
As stated earlier, approaching the search for a nonqualified plan provider in the same manner as one would in the search for 401(k) services can be problem for a number of reasons.
A not for profit plan provider is your best option.
Some plans may have provisions that automatically take these increases into account, producing a large increase in costs for the plan provider.
MEDICASH, the Liverpoolbased health cash plan provider, is to appear on TV screens for the first time in its history today with the launch of a new advertising campaign.
Transamerica was the top retirement plan provider in two market segments, earning the most "Best in Class" cups for service to retirement plans with $10 million to under $50 million, and $200 million to $1 billion in retirement plan assets.
Ibbotson's Plan Provider Clients Manage Approximately 25% of Total DC Assets in the U.
In our marketplace, investment advisory service is a requirement for being in the business," notes Ken Robertson, executive vice president of The 401(k) Company, an Austin, Texas-based plan provider with a national client base of middle-market plan sponsors.
Employers should be ready to document that they demonstrated due diligence in selecting a new plan provider.
It's important that they demand full fee disclosure from any retirement plan provider and that they ask the provider to confirm that its revenue does not vary based on the investments chosen.