The pension plan administrator
As a pension plan administrator, you will find information in this section that will help you administer the plan in the best possible manner.
This section includes...
- an overview of the duties, powers and responsibilities involved in being a pension plan administrator, including sound management rules that can be applied to administering a pension fund
- a subsection dealing with plan administration: the financial and administrative duties, administrative tools, the role of key administrative players and even more.
- headings about the methods of amending or terminating a pension plan, as well as partition of benefits
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questionnaires and training tools to help you improve your knowledge and make sure you continue to be an informed administrator.
Who can act as a pension plan administrator?
- A pension committee
- A pension committee with a limited number of members or an employer, where a plan has less than 26 members and beneficiaries
- A person, an organization or group empowered by law to administer the plan
- A financial institution, in the case of a simplified pension plan (SIPP)
Pension plan administered by the employer
If you are an employer and you are acting as pension plan administrator, this section is for you. You have the same obligations and responsibilities to the plan members and beneficiaries as a pension committee.
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