plan sponsor

Definition

An employer who sets up a pension plan.

Use plan sponsor in a sentence

I had to go to my plan sponsor and everything went well because they were really nice and knew how to set up a pension plan.

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The plan sponsor of my 401k plan is paying a lot of the fees and expenses so we're not getting hit with as many expenses on our retirement plan.

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The pension's plan sponsor was the manager of the human resource department at the company. He had a wealth of experience in the industry and knew the best way to go about it.

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individual account management sponsor