Self-administered Plan
Definition of "Self-administered plan"
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.
Popular Insurance Terms
Circumstance that produces the loss. ...
All insured losses paid in full. ...
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Option to an insurance company to replace, reconstruct (repair), or reproduce (rebuild) damaged or destroyed property covered by property insurance rather than indemnify an insured in cash. ...
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