Benefit Plan Administration
/ˈbɛnɪfɪt plæn ədˌmɪnɪˈstreɪʃən/
Definitions
- (n.) The process of managing and overseeing employee benefit plans, including compliance with legal requirements and coordination of plan provisions.
The company hired a firm specializing in benefit plan administration to ensure IRS and ERISA compliance.
Forms
- benefit plan administration
Related terms
See also
Commentary
Typically involves regulatory compliance under ERISA and coordination between plan sponsors, fiduciaries, and service providers.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.