Save time with our cheat sheets, fact sheets, checklists & books!

December 17, 2012

Plan Sponsor



A plan sponsor is the employer or entity that establishes a retirement plan for employees.

Referring Cite

§3(16)(B) of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1002 (16)(B)

Additional Helpful Information

The following are considered plan sponsors:

  • (i) the employer in the case of an employee benefit plan established or maintained by a single employer,
  • (ii) the employee organization in the case of a plan established or maintained by an employee organization, or
  • (iii) in the case of a plan established or maintained by two or more employers or jointly by one or more employers and one or more employee organizations, the association, committee, joint board of trustees, or other similar group of representatives of the parties who establish or maintain the plan.

Keep Learning

Applicable RMD Age

Applicable RMD Age The first year for which an IRA owner or plan participant must begin to take RMDs from their tax-deferred retirement account. RMDs

SIMPLE 401(k) Plan

Definition A SIMPLE 401(k) plan is a 401(k) plan established by a small business for it’s employees. Earnings accrue on a tax-deferred basis and distributions

Required Minimum Distribution (RMD)

Definition The minimum amount that must be withdrawn from retirement accounts, including qualified plans, 403(b) accounts, 457(b) accounts or IRAs, each year.  For retirement account

Required beginning date (RBD)

Definition The date by which a retirement account owner must begin distributing required minimum distribution (RMD) amounts from a Traditional,  SEP or SIMPLE IRA, a

Be among the first to know when

IRA Rules