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Plan Sponsor

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Plan Sponsor
An employer or company that offers a pension plan to employees. Plan sponsors may directly manage the pensions, but most allow third-party money managers to handle them. However, plan sponsors must determine which employees are eligible for the plan, and most contribute matching funds to each employee's pension, up to a certain point. A wide variety of pension plan types exist, and plan sponsors determine and may change the terms of what they offer. See also: 401(k), IRA.

Plan sponsor. The plan sponsor of a retirement savings plan is an employer who offers a retirement savings plan to employees.

The sponsor is responsible for choosing the plan, the plan provider, and the plan administrator, and for deciding which investments will be offered through the plan.



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According to a survey conducted by the International Foundation of Employee Benefit Plans, the recession has forced both defined benefit plan sponsors and defined contribution plan sponsors to make changes to their retirement coverage and plan design.
This identification and assessment will be unique to each plan sponsor and will help identify which approach may be suitable to add value.
Data is derived from the 2008 SEI Plan Sponsor Accounting Database, which consists of data from Standard & Poor's Institutional Market Services database as well as proprietary analysis created by SEI's Institutional Group.
 
 
 
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