Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Plan Administrator

The administrator of the plan is the plan sponsor, however someone else can be named as the sponsor in the plan document. The responsibilities include- 1) managing the plan assets to reduce risk of loss, 2) act on the interests of the beneficiaries, 3) act accordingly under the terms governing the plan.

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