Plan Sponsor Law and Legal Definition
Definition: plan sponsor from 29 USC § 1002(16) - Law.Cornell.Edu
The term “plan sponsor” means (i) the employer in the case of an employee benefit plan established or maintained by a single employer.
Plan Sponsor Definition - Investopedia
A plan sponsor is a designated party—usually a company or employer—that sets up a healthcare or retirement plan for the benefit of its employees.
Definition: plan sponsor from 26 USC § 4376(b)(2) - Law.Cornell.Edu
the term “plan sponsor” means— (A) the employer in the case of a plan established or maintained by a single employer, (B) the employee organization ...
Plan Sponsor Law and Legal Definition | USLegal, Inc.
Plan Sponsor Law and Legal Definition. According to 29 USCS § 1002 (Title 29; Chapter 18; Employee Retirement Income Security Program; Protection of Employee ...
Plan sponsor | Retirement Glossary Term - Human Interest
The sponsor's primary role is to establish the retirement plan for the company and its employees. The same principles generally apply to other defined ...
A plan sponsor's responsibilities | Internal Revenue Service
A plan sponsor's responsibilities · Remember that you, the employer, are responsible for keeping your plan in compliance · Double-check the ...
What Is the Difference Between a 401(k) Plan Sponsor and a Plan ...
Often, a plan sponsor is also referred to as a “fiduciary” – a person who takes legal responsibility for making decisions on behalf of plan ...
A Plan Sponsor Guide to Retirement Plan Administration | World
In order to ensure participants have enough information about their plan to make informed choices about participating and investing in the plan, the law ...
SPONSOR PLAN Definition & Meaning - Black's Law Dictionary
The term referring to the employer that sets up or continues a plan for the benefit of employees. Disclaimer. This article contains general legal ...
Plan Sponsor Definition: 2k Samples | Law Insider
Plan Sponsor has the meaning given in ERISA Section 3(16)(B). ... Plan Sponsor means the entity identified in Section 1.03 of the Adoption Agreement or any ...
401(k) plan administrator and sponsor duties | Human Interest
The plan sponsor will step into an “oversight” role, meaning its fiduciary responsibilities are limited to prudently appointing committee ...
What is SPONSOR PLAN? Definition of ... - A Legal Dictionary
Definition of SPONSOR PLAN: The term referring to the employer that sets up or continues a plan for the benefit of employees.
401(k) Plan Sponsor Responsibilities, CFP, RIA, Massachusetts
As the plan sponsor, the company (you) is the named plan Fiduciary. In most cases, a company's administrative committee members or HR department personnel have ...
Sponsor (Health Care) Law and Legal Definition | USLegal, Inc.
Sponsor in the context of health care means an employer, a union, a company or some other entity that sets up and sponsors a health care plan or a retirement ...
Retirement Plan Sponsors Have Ultimate Responsibility for ...
... legal responsibilities of a plan administrator as defined in ERISA, she says. A blog post from law firm Haynes and Boone says one way to ...
Who Is Responsible for Carrying Out the Legal Requirements of a Plan
For more information, visit our Local Government Emergency Planning page. Who: The sponsor of a qualified pension plan, such as a 401(k) plan, ...
29 USC 1304: Participant and Plan Sponsor Advocate - U.S. Code
29 USC 1304: Participant and Plan Sponsor Advocate Text contains those laws in effect on October 22, 2024 ... (1) act as a liaison between the corporation, ...
FAQs about Retirement Plans and ERISA - U.S. Department of Labor
Federal law allows employers to include certain groups of employees and exclude others from a retirement plan. For example, your employer may sponsor one plan ...
What plan sponsors should know about DOL's new fiduciary proposal
Evolution of DOL's investment advice definition ... Under ERISA, anyone who provides investment advice for a fee or compensation is a fiduciary. A ...
EMPLOYER SPONSORED RETIREMENT PLAN Definition & Meaning
Find the legal definition of EMPLOYER SPONSORED RETIREMENT PLAN from Black's Law Dictionary, 2nd Edition. Managed under employer expectations to its ...