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December 17, 2012

Plan Sponsor

Your Guide



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.

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IRA Rules