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A plan sponsor in a multiemployer plan is usually the plan’s joint board of trustees, and when no board or other entity is designated, the plan administrator serves as the …
What is a Plan Sponsor (Multiemployer Plan)? – Simple and Easy Explanation Read More
Employer contributions that support a pension plan’s assets and future benefit payments. Plan funding is one of the most essential concepts behind how pension plans stay financially healthy and continue …
What is Plan Funding? – Simple and Easy Explanation Read More
A plan document is the written legal document that establishes and governs a pension plan. A Plan Document is the foundation of any retirement or pension plan—it explains how the …
What Is a Plan Document? – Simple and Easy Explanation Read More
Assets such as cash, stocks, bonds, real estate, and other property held within a retirement plan. When you hear the term Plan Assets in the context of retirement and pension …
What Are Plan Assets? – Simple and Easy Explanation Read More
A plan administrator manages the day-to-day operations of a retirement or pension plan and ensures it follows all legal and plan rules. A Plan Administrator plays one of the most …
What is a Plan Administrator? – Simple and Easy Explanation Read More
A clear guide to how the PBGC’s phase-in limit affects newly added or recently increased pension benefits. The Phase-In Limit is an important rule in pension protection, especially for defined …
What is the Phase-In Limit? – Simple and Easy Explanation Read More
A quick guide to understanding how the Pension Search Program helps people locate unclaimed retirement benefits. The Pension Search Program is a helpful service that assists individuals and families in …
What is the Pension Search Program? – Simple and Easy Explanation Read More
A pension plan is a program an employer sets up to provide employees with income during retirement. A pension plan is one of the most traditional and reliable ways workers …
What Is a Pension Plan? – Simple and Easy Explanation Read More
A pension benefit is the regular retirement income a participant or their beneficiary receives from a pension plan. A pension benefit is the income promised to a worker after retirement, …
What Is a Pension Benefit? – Simple and Easy Explanation Read More
A PBGC-trusteed single-employer plan is a defined benefit pension plan taken over by the Pension Benefit Guaranty Corporation (PBGC) when the employer can no longer fund it. Learn what happens …
What is a PBGC-Trusteed Single-Employer Plan? – Simple and Easy Explanation Read More