A qualified plan administrator is an individual or entity that adopts a qualified plan for the benefit of the administrator's employees or their beneficiaries.

Question

Quizplus · Accepted Answer

A qualified plan administrator is responsible for managing and overseeing a qualified retirement plan, but they do not adopt the plan for their own employees; rather, they ensure compliance and proper administration of the plan for the benefit of the plan participants.

A Qualified Plan Administrator Is an Individual or Entity That