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Typically, the employer is considered the 401(k) “plan sponsor,” whereas the day-to-day running of the plan may be handled by a third-party “plan administrator.” Understanding the different responsibilities between the plan sponsor and plan administrator is essential to maintain compliance with all IRS and DOL ...

The person(s) or entity identified in the plan document as having responsibility for running the plan. It may be the employer, a committee, a company executive or someone hired for that purpose (3(16) Plan Administrator).

The plan administrator is the person designated to enroll employees and their dependents in insurance plans. Employers can: Contract with a private company to handle enrollments. Have a benefits office within their company that handles enrollments.

Your 401(k) plan administrator is typically the employer that sponsors your retirement savings account. The name of this individual or organization will be listed on your retirement account statements.

The plan administrator manages the day-to-day operations of a retirement fund or pension plan. The administrator is typically an outside contractor with specialized skills and knowledge of the regulations on such funds.

The employer is almost always the plan sponsor. Typically, the sponsor hires a third-party administrator to oversee the accounts. Sometimes an individual, internal board, or appointed group of trustees will serve as the plan administrator.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232