Plan administrator

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Plan Administrator

The person or company that manages a pension. That is, the plan administrator makes investment decisions with the contributions the employer and/or employees have made. The plan administrator is responsible for keeping the pension on sound financial footing.

Plan administrator.

A plan administrator is the person or company your employer selects to manage its retirement savings plan. The administrator works with the plan provider to ensure that the plan meets government regulations.

The administrator is also responsible for ensuring employees have the information needed to enroll, select, and change investments in the plan, apply for a loan if the plan allows loans, and request distributions.

References in periodicals archive ?
This is because the doctrine often excuses plan administrators that don't turn square corners in following ERISA regulations.
This means that insurers and plan administrators outside the Seventh Circuit may be left wondering what law to follow.
District Court for the Middle District of North Carolina has appointed AMI Benefit Plan Administrators Inc.
1, to give disability insurers, employers, and benefit plan administrators and trade groups more time to prove that the new regulations would hurt the group disability market.
M2 EQUITYBITES-April 28, 2016-US Retirement Plan Administrators URPC, MGA Consultants Merge
United also argued that employers should be the defendants, not the third-party claims administrators, since employers were the official plan administrators.
A new company in the market, Ultimate Settlements Inc., is trying to take a different approach, by focusing tightly on bill negotiations for health insurers, employers, benefit plan administrators, brokers and the patients themselves.
The following tips can help plan administrators hire an auditor who will perform a high-quality audit.
Rather, the department published amendment 404a-5 to the participant disclosure regulation, changing the definition of "at least annually thereafter" from "at least once in any 12-month period" to "at least once in any 14-month period." With this change, the department is attempting to give plan administrators some additional flexibility when, under the regulation, they send out the annual disclosures.
The VisualCalc Retirement Planning Tool is a new, web-based customer self-service tool that retirement plan administrators, including third party administrators and plan sponsors, can offer their plan participants to help them properly prepare for their retirement.
For employee benefit plan administrators, the book offers answers to questions related to ERISA compliance requirements, as well as questions related to the interpretation of ERISA and Internal Revenue Code sections and regulations.
HEALTH CARE COSTS continued to climb in 2010, but not nearly as quickly as carriers and plan administrators had predicted.