Retirement Plan Administration
/ˌrɪˈtaɪərmənt plæn ædˌmɪnɪˈstreɪʃən/
Definitions
- (n.) The process of managing, executing, and overseeing a retirement plan's operations, including compliance with legal requirements, participant recordkeeping, and benefit distributions.
The company's retirement plan administration ensures participants receive their benefits on time and in accordance with ERISA regulations.
Forms
- retirement plan administration
- retirement plan administrations
Related terms
See also
Commentary
Retirement plan administration often involves adherence to ERISA and IRS rules; clear roles between plan sponsor and administrator help avoid fiduciary liability.
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.