The organization or individual that establishes and operates a pension plan.
(a) The employer, in the case of an employee benefit plan maintained by a single employer; (b) the employee organization, in the case of a plan maintained by an employee organization; (c) the association, committee, joint board of trustees or other similar group of representatives of the parties involved, in the case of a plan maintained by one or more employers and one or more employee organizations. RC is the plan sponsor of the prototype money purchase and profit-sharing plans.
The board of trustees that oversees a multi employer pension plan.
An employer (business, nonprofit organization, government, etc.), association, labor union or other group offering a qualified employee benefit plan, such as a pension or profit-sharing plan.
an employer or organization that offers a group health plan to its employees or members
A 401(k) plan sponsor is an employer who offers the 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.
The party that establishes and maintains an employee benefit plan.
The business or employer sponsoring a retirement plan.
The plan sponsor of a single-employer plan is the employer. In plans maintained by two or more employers or by one or more employee organizations, the plan sponsor is the association, committee, joint board of trustees, or other similar group of representatives of the parties who establish or maintain the plan. Under COBRA, a plan sponsor has the obligation to provide COBRA coverage.
Refers to the individual or company responsible for sponsoring 401(k) and other retirement benefits for the employees.
The entity that establishes and maintains a benefits plan, usually an employer, but it also may refer to an employee organization created for the purpose offering benefits. If the plan is a "multi-employer plan," the committee or other entity that established the plan is considered the plan sponsor.
The entity responsible for establishing and maintaining the plan.
is the employer, also known as the Plan Administrator.
The entity sponsoring the plan. Generally the Plan Sponsor and the employer are the same.
Develops certain roles and responsibilities when acting as plan administrator. These roles and responsibilities are not discussed under general corporate governance principles. Many individuals who have retirement plan governance responsibilities have responsibilities to the plan sponsor.
The employer or union that establishes a group retirement plan for the benefit of plan participants. See also plan participant.
The company or organization that assumes financial responsibility for an insured group. PharmaCare's customers are Plan Sponsors.
A person, other than an insurer, who establishes, adopts, or maintains a plan that covers residents of this state including a plan established, adopted, or maintained by two or more employers or jointly by one or more employers and one or more employee organizations, an association, a committee, a joint board of trustees, or any similar group of representatives who establish, adopt, or maintain a plan.
Usually an employer who establishes and maintains a qualified retirement plan.
The entity that sets up the plan and is responsible for its funding and operation. Typically the employer. However, it may be an association or union in the case of groups that are not single employers.
A Business or Employer Organization that sponsors the qualified retirement plan and is ultimately responsible for its administration.
The plan sponsor is the person or entity (generally the employer) who makes the plan available to its employees. As plan sponsor, the employer must accept some fiduciary responsibility for the management of the plan and its assets. Though many plan functions can be delegated to others, the employer will retain some responsibility and potential liability for the plan's operation.
Generally, the employer, the employee organization, (such as a union), or other entity that establishes or maintains an employee benefit plan, including a group health plan. See also Sponsor.
An employer who establishes or maintains a pension plan for its employees is known as the sponsor.
An entity that sponsors a health plan. This can be an employer, a union, or some other entity. Also see Part II, 45 CFR 164.501.
Employers who establish and perpetuate a qualified employee benefit pension plan. Although the plan sponsor (employer) has the ultimate responsibility for plan administration, plan sponsors often use an outside consultant, corporation, government agency, or labor organization to confirm the implementation of Internal Revenue Code regulations and guidelines in plan administration.
The entity that establishes, contributes to and is responsible for the administration of an employee benefit plan, often used interchangeably to describe staff who administer the plan and trustees or investment board members who govern it
A plan sponsor is an employer, association, labour union or other group offering a benefit plan to its members.