plan company

Plan Company

A company that invests in mutual funds on behalf of shareholders. Customers purchase shares, and the company uses the revenue to buy shares in one or more mutual funds. Plan companies work with shareholders to determine a specific expected return over a certain number of years and invest in mutual funds accordingly. This allows shareholders the flexibility of a changing portfolio without needing to manage its day-to-day maintenance. These mutual funds are sometimes called contractual plan companies. See also: Periodic payment plan.

plan company

A company that receives customer payments and purchases mutual fund shares when the customers wish to purchase shares in a fund on a periodic payment plan. Thus, the plan company acts as middleman in collecting the payments and crediting customer accounts.
References in periodicals archive ?
The Workplace Travel Plan Company, which is behind the website builder software, has worked with the five councils within the Tees Valley region to help them address growing concerns caused by the rapid increase of traffic.
Craig Cowley, workplace travel adviser from Middlesbrough Council, said: "The Workplace Travel Plan Company has been great to work with.
Priority Health is a nationally recognized health plan company based in Michigan.
in Indiana and Illinois; The Morris Plan Company of Terre Haute and Forrest Sherer Inc.
Understand the key IT areas that will drive ICT spending growth in the next 5 years and plan company strategy accordingly.
GoldK and The Retirement Plan Company, both leading benefit process outsourcers for smaller- to medium-sized employer-sponsored retirement plans, announced that they have merged operations.
Based in Brentwood, Tennessee, The Retirement Plan Company (www.
Vigo, Parke and Vermillion counties in Indiana and Clark and Vermilion counties in Illinois; First State Bank, First Farmers State Bank, The Morris Plan Company of Terre Haute and Forrest Sherer, Inc.
of Morris Plan Company and Great Falls and Yosemite Insurance Co's.
First Financial Corporation is the holding company for Terre Haute First National Bank, First State Bank, First Citizens State Bank, First Farmers State Bank, First Parke State Bank, The Morris Plan Company of Terre Haute and Forrest Sherer Inc.
First Financial Corporation is the holding company for Terre Haute First National Bank, First State Bank, First Citizens State Bank, First Farmers State Bank, First Parke State Bank, The Morris Plan Company of Terre Haute and Forrest Sherer Insurance in Indiana; and First Ridge Farm State Bank, First National Bank of Marshall, First Crawford State Bank, and First Community Bank N.
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