Pension Plan Administrator

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Dictionary Says

Definition of 'Pension Plan Administrator'

An individual responsible for managing the day-to-day affairs and the strategic decisions involved with a group's pension fund/plan. More specifically, the plan administrator ensures that money is being contributed into the fund, the proper asset allocation decisions are made and that payouts are promptly distributed among all qualified plan participants or beneficiaries.
Investopedia Says

Investopedia explains 'Pension Plan Administrator'

For smaller companies, and for simplicity and cost savings purposes, the employer may elect to be the company's pension plan administrator. However, as the number of employees grows, the task will often become more time consuming and complex and it is often more worthwhile for the employer to hire a professional to be the pension plan administrator. 

In terms of fiduciary duty, the pension plan administrator has a duty to act in the interest of the plan's participants and not the underlying company.
Search results for

'Pension Plan Administrator'

  • Is Your Defined-Benefit Pension Plan Safe?

    http://www.investopedia.com/articles/retirement/08/safe-db-plan.asp
    ... PPA) should increase your odds of receiving the full pension payout promised ... in Tables
    5 and 6, describing key information your plan administrator must provide ...

  • An Overview Of The Pension Benefit Guaranty Corporation (PBGC)

    http://www.investopedia.com/articles/retirement/06/pbgc.asp
    ... the Pension Protection Act of 2006 (PPA), which required pension providers to ... Your
    employer or plan administrator should also be able to tell you whether or ...

  • Pension Law Could Reduce Your Payout

    http://www.investopedia.com/articles/retirement/07/payout.asp
    ... If your pension is reduced by the recent law, you might be entitled ... your summary
    plan description agreement, or check with your plan administrator to determine ...

  • How can I get information about my deceased husband's retirement ...

    http://www.investopedia.com/ask/answers/05/inheritedassets.asp
    ... If you are the designated beneficiary of the retirement account, the plan administrator
    is required to provide you with information about the plan, including ...

  • Keeping Track Of Retirement Plan Assets

    http://www.investopedia.com/articles/retirement/05/053005.asp
    ... Besides the defined-benefit pension assets transferred to the PBGC, there are ... your
    new employer's retirement plan, check with the plan administrator that the ...

  • How To Cure An Ailing 401(k)

    http://www.investopedia.com/articles/retirement/08/bad-401k-problems-fix.asp
    ... Today, pension plans are less and less frequently used, and the introduction of ... These
    fees are often shared with the plan administrator, but not ever disclosed ...

  • Business Owners: A Guide To Qualified Retirement Plan Loans

    http://www.investopedia.com/articles/retirement/03/071603.asp
    ... plans, such as profit-sharing plans, money-purchase pension plans, defined ... and offsets,
    so the employer should consult with the plan administrator to ensure ...

  • Asset Distributions A Key Consideration For Retirees

    http://www.investopedia.com/articles/retirement/08/qualified-plan-distributions.asp
    ... survivor annuity (QOSA), which is a requirement of the Pension Protection Act ... payments
    from a qualified plan, provided that the plan administrator is willing ...

  • How do my siblings and I receive inherited pension benefit ...

    http://www.investopedia.com/ask/answers/05/inheritedpension.asp
    ... available to you and your siblings, check with the administrator for the
    defined-benefit plan. For more information about inherited pension benefits, read ...

  • 5 Lesser-Known Retirement And Benefit Plans

    http://www.investopedia.com/articles/retirement/5-lesser-known-retirement-plans.asp
    ... used as funding vehicles for profit-sharing or money-purchase pension plans that ...
    each year by an independent actuary that is hired by the plan administrator. ...

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