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December 17, 2012

Plan Sponsor

Your Guide

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Definition

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.

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at http://irapublications.com. Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.

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