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Meaning / Definition of

Plan Administrator

Categories: Finance,

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 administratior 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.

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Employee Retirement Income Security Act Stock Drop Litigation

Categories: Insurance,

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