What is a plan administrator and what role do they play in employee benefits?
A plan administrator is the person or entity responsible for managing an ERISA-covered employee benefit plan, including health, retirement, and welfare plans. The plan administrator handles plan operations, fiduciary duties, ERISA compliance, participant communications, and government reporting. By default, the employer is the plan administrator unless the plan document designates someone else. Many employers delegate operational tasks to third-party administrators while retaining fiduciary responsibility.
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