the Company that is responsible for the day-to-day functions and arrangement of the Plan. The Plan Administrator may employ persons or firms to process claims and perform other Plan connected services.
The person designated by the plan as administrator. If no designation is made, the plan administrator is the employer. The plan administrator is the person responsible for managing the day-to-day affairs of the plan.
The Administrative Committee, which is appointed by the Compensation and Management Development Committee of the Board of Directors of Northrop Grumman to oversee the Savings Plan. The Plan Administrator may delegate or assign its responsibilities and authority in accordance with the Plan's terms.
The person or group of persons designated by the legal plan document as responsible for most day-to-day activities of the plan. These activities include determining eligibility for benefits, processing claims and appeals regarding claims, maintaining plan records, and distributing information about the plan to participants. The Employee Welfare Benefits Committee is the plan administrator.
Your 401(k) plan administrator is the person or more typically the company your employer chooses to manage the organization's retirement savings plan. The administrator works with the plan provider to ensure that the plan meets government regulations and that you and other employees have the information you need to enroll, select, and change investments in the plan, apply for a loan if the plan allows loans, and request distributions.
An organization STRS Ohio contracts with to administer health benefits to enrollees. Under the various health care plan types offered, a plan administrator could be responsible for claims processing, medical necessity review and maintenance of provider networks, depending upon the type of health care plan offered (i.e., HMOs, PPOs, indemnity plans).
Either the person or entity named as plan administrator in the plan instrument, or, if no one is named, the plan sponsor. (For private sector plans under ERISA, the Department of Labor may designate a plan administrator.) The employer or the qualified beneficiary or the covered employee, depending on the nature of the qualifying event, must notify the plan administrator when a qualifying event occurs. The plan administrator, in turn, must notify any qualified beneficiary of his or her rights under COBRA.
A person specifically designated by the qualified retirement plan as the administrator: 1) by name, 2) by reference to the person or group holding a named position, 3) by reference to a procedure for designating an administrator, or 4) by reference to the person or group charged with the specific responsibilities of plan administrator. If no person or group is designated, the employer is the administrator.
(1) In a group insurance plan, the party responsible for handling the administrative aspects of the plan. (2) For purposes of the Employee Retirement Income and Security Act (ERISA) in the United States, the individual or organization designated in a retirement plan's summary plan description as being responsible for assuring the plan complies with applicable regulatory requirements.
As designated in the insurance or retirement documents, plan administrators of employee benefit programs maintain government regulations and procedures, and confirm that all participating employees receive annual reports.
The entity or individual who has complete control over the operation of a Flexible Benefit Plan, monitors movement within the Plan, and reserves the right to make changes or terminate the Plan. The employer is usually the Plan Administrator.
The person who is responsible for the management of the plan. The plan administrator is a person specifically designated by the terms of the plan. If the plan does not make such a designation, then the plan sponsor is generally the plan administrator.