plan sponsor

plan sponsor
As applies to employee benefit plans:
• The employer, in the case of a plan set up or maintained by a single employer.
• The employee organization, in the case of a plan set up or maintained by an employee organization.
• The association, committee, joint board of trustees, or other similar group of representatives of the parties who set up or maintain the plan, in the case of a plan set up or maintained:
o by two or more employers, or
o jointly by one or more employers and one or more employee organizations.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Plan Sponsor — A designated party, usually a company or employer, that sets up a healthcare or retirement plan such as a 401(k) for the benefit of the organization s employees. The responsibilities of the plan sponsor include determining membership parameters,… …   Investment dictionary

  • Plan termination — for ERISA defined benefit pension plans, is either the voluntary act of a pension plan sponsor who no longer believes that the costs of providing the pension outweighs its benefits, or the involuntary termination by the PBGC when the federal… …   Wikipedia

  • plan year — n. The one year period in which a given benefits package remains in place, after which members and plan components may be modified. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. plan …   Law dictionary

  • Plan USA — is an international charity, part of Plan International. [Cite web| title=Our Story | url = | accessdate = 2007 09 13] Founded in 1937, Plan is one of the oldest and largest international development… …   Wikipedia

  • Plan (aid organisation) — Infobox Company | company name = Plan company type = Charity company slogan = Be a part of it. [ [ Plan Australia ] ] foundation = 1937, Spain location = Surrey, United Kingdom key people =John Langdon Davies Eric… …   Wikipedia

  • Plan (disambiguation) — A plan is a typically any procedure used to achieve an objective. It may also refer to:* Plans (drawings), used for portraying an existing place or object, or for providing instructions to build or fabricate a place or object. **Archaeological… …   Wikipedia

  • sponsor — / spɒnsə/ noun 1. a company which pays part of the cost of making a TV programme by taking advertising time on the programme 2. a person or company which pays money to help research or to pay for a business venture 3. a company which pays to help …   Dictionary of banking and finance

  • Defined benefit pension plan — For the defined contribution pension plan, see Defined Contribution Pension Plan. In economics, a defined benefit pension plan is a major type of pension plan in which an employer promises a specified monthly benefit on retirement that is… …   Wikipedia

  • Defined contribution plan — See also: Defined benefit plan In economics, a defined contribution plan is a type of retirement plan in which the amount of the employer s annual contribution is specified.[1] Individual accounts are set up for participants and benefits are… …   Wikipedia

  • Individual Pension Plan — An Individual Pension Plan or IPP is a Canadian retirement savings vehicle. An IPP is a one person maximum Defined Benefit Pension Plan (DB Plan) which allows the plan member to accrue retirement income on a tax deferred basis. As such, an IPP… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”