Self-administered Plan


Definition of "Self-administered plan"

Donna  Fallon real estate agent
Donna  Fallon, Real Estate Agent McMonigle Group Corp

Qualified pension or other employee benefit where responsibility rests with an employer rather than an insurer. A trust fund plan, where assets are deposited with and invested by a trustee, is the most common self-administered plan. A trust agreement governs the plan administration and retirees are paid benefits from the trust or the trustee buys annuities for them. The self-administered, or trust fund plan, contrasts with the insured (insurance company) pension plan.

 

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