A written document that is adopted by an employer and that specifies the terms of a pension plan. A plan document identifies the benefits the participants are to receive and the requirements they must meet to become entitled to those benefits.----------[ Back
The legal description of the retirement plan an employer provides for its employees. This description includes who is eligible to join the plan, how and whose money is contributed to their accounts, withdrawal options and benefits.
The document which contains all of the provisions, conditions, and terms of operation of a pension or health or welfare plan. This document may be written in technical terms as distinguished from a summary plan description (SPD) which, under ERISA, must be written in a manner calculated to be understood by the average plan participant.
The legal document that contains all of the provisions, conditions, and terms of operation of a pension, savings, or health and welfare plan.
A comprehensive and detailed description of all provisions of the plan. The plan document is generally written in technical language.
The detailed and legal description of the benefits to be provided to subscribers or members. The plan document is generally not distributed to the members or subscribers but is summarized and put in plain English and distributed as an SPD (Summary Plan Description). For most Benefit Funds, the plan document would be the agreement with an insurance carrier to provide a certain type of insurance, such as Life, Long Term Disability, etc., and including any detailed description of other Fund benefits, plus any rules and procedures established by the Trustees governing the delivery of Fund benefits.
The written document setting forth the terms of the plan, including the eligibility and vesting requirements, how benefits are determined, and when benefits may be distributed. If the plan is intended to be a qualified plan, the document must state the requirements of IRC §401(a). The plan document may take the form of an individually designed plan, a master/prototype plan, a regional prototype plan, or a volume submitter plan.
A written program maintained by an employer for the benefit of employees and their families. It sets forth the benefits available under an employee benefit plan and the eligibility requirements. This document is often separate from the trust agreement to allow plan modifications without frequent trust agreement amendments.
A plan document is the written legal evidence that describes the specific provisions of a plan. A plan is the arrangement under which employer and employee contributions, if any, are deposited with a trustee who is responsible for administering and investing the contributions and paying benefits. The plan document may also include the trust agreement.
the document that delineates the specific provisions of the plan or instrument, including all amendments.
The parameters under which a retirement plan will be operated must be outlined in the plan document. This document must be given to employees upon request.
Mandatory, legal instrument used to administer a plan. Normally contains a description of requirements for eligibility, rights of participants, provisions for amendment and termination of the plan and employer and employee contributions.
(1) A document that specifies the terms of a retirement plan. (2) For purposes of the Employee Retirement Income and Security Act (ERISA) in the United States, a written document by which a qualified retirement plan must be established and maintained and that describes the benefits provided by the plan, the plan's funding, and the procedure that will be followed to amend the plan.
This document, adopted by the plan sponsor, identifies various documents incorporated by reference into the plan. These documents generally address three subjects: (1) the rights and duties of the plan sponsor to participants, fiduciaries and third parties with respect to the funding, amendment or termination of the plan. (2) the third parties with respect to the funding, amendment or termination of the plan; and (3) the rights and duties of participants with respect to contributions, benefit claims and subrogation under the plan.
The “rules” and provisions of a retirement plan. Each qualified retirement plan is required to have a Plan Document that outlines how the plan operates.
The master description of benefits under which the employer's health and welfare plan is administered. This is the document that tells the TPA how to pay the eligible expenses and tells the Stop Loss insurer how to validate Stop Loss claims.
A formal written document that describes the employer's intention under the law.
The plan document is filed with the Department of Labor and the IRS and governs the plan sponsor, the Trustees, investment providers, plan administrators, and participants. This document is what provides your plan its tax qualified status. The Summary Plan Description or SPD provides an overview of the plan document.
The document that contains all of the provisions, conditions, and terms of a pension, health, or welfare plan. This document may be written in technical terms and is different from a summary plan description (SPD) that, under ERISA, must be written in language that can be understood the average plan participant. (See ERISA above.)
legal description of the plans within the Retirement Investors' Club
