ERISA Terms To Know
The Plan Administrator
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The Plan Administrator is the person or company that administers the Employee Welfare Plan.
The Plan Administrator is usually the employer. Some employers and unions contract with an independent Benefit Plan Administrator to perform the duties of the Plan Administrator.
ERISA imposes many requirements on the Plan Administrator. For example, the Plan Administrator has to make a lot of information available to employees who are covered by an Employee Benefit Plan.
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