Benefit Administrator definition

Benefit Administrator means the service provider to the Plan that is responsible for maintaining the records of the Participants’ Accounts and determining benefits under the Plan, and for performing certain other benefit administration and communications functions, in accordance with such contractual agreements and direction letters as may exist from time to time between such service provider and the Plan Administrator or Sponsor. The Benefit Administrator is sometimes referred to as the “Record Keeper” in certain documents such as the trust agreement with the Trustee. As of the Restatement Effective Date, the Benefit Administrator is Teachers Insurance and Annuity Association of America.
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Benefit Administrator means the entity designated under Section 8.2 to be responsible for the administration of some or all of the benefits under the Plan.
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Benefit Administrator means Delta Health Systems.
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Examples of Benefit Administrator in a sentence

  • Such a statement shall be considered to reflect accurately the status of an Account for all purposes under the Plan, unless the Participating Employee or Inactive Participant reports a discrepancy to the Benefit Administrator within 30 days after receipt of the statement.

  • The Benefit Administrator is the contractual service provider to the Plan appointed by the Plan Administration Committee to assist the Plan Administration Committee in the administration of the Plan as provided in this Article VIII and the Plan Administration Committee in the designation of the investment options as provided in Article VII.

  • The Benefit Administrator shall perform such services in accordance with the terms of its contractual agreement(s) with the Plan Administration Committee and/or the Plan Administration Committee.

  • Each Participant may designate, upon forms to be furnished by and filed with the Company or the Benefit Administrator, one or more primary Beneficiaries or alternative Beneficiaries to receive all or a specified portion of any benefits which may be payable with respect to the Participant under the Plan in the event of such Participant’s death.

  • However, the Plan Administration Committee may delegate and allocate responsibilities for the administration of the Plan and may delegate specified administrative functions, discretion or authority as it deems appropriate, by written contract, direction letter or written instrument of delegation to the Benefit Administrator, trustee, a third-party special-purpose Administrator, legal counsel, a professional consultant or advisor, or to designated employees of the Company.

  • The Benefit Administrator shall perform such services in accordance with the terms of the Plan and any policies established by the Plan Administration Committee and the Plan Investment Committee.

  • A Participant may modify any such deduction percentage or Deferral Percentage by designating the new deduction percentage or Deferral Percentage in the manner specified by the Benefit Administrator, and the modification shall be effective as of the first payroll period following receipt of such designation, or as soon thereafter as administratively feasible.

  • Section 2.2 of the Plan is amended in its entirety effective as of January 1, 1993, to read as follows: 2.2 Entry Date: Any eligible Employee shall enter the Plan as soon as administratively feasible following the receipt by the Benefit Administrator of the Application for Participation and, if 401(k) Basic Deposits and/or 401(k) Additional Deposits are to be made, a Compensation Reduction and Deferral Agreement.

  • Such percentage may be so reduced by the Plan Benefits Administrator before it becomes effective, and may also be so reduced at any time by the Plan Benefit Administrator without prior notice, including the recharacterization of Before-Tax or Roth 401(k) Deposit percentages to After-Tax Deposit percentages prior to the close of the Plan Year in which the limitation was exceeded.

  • The Benefit Administrator is the contractual service provider to the Plan appointed by the Plan Administration Committee to assist the Plan Administration Committee in the administration of the Plan as provided in this Article 11 and the Plan Investment Committee in the designation of the Measurement Funds as provided in Article 5.


More Definitions of Benefit Administrator

Benefit Administrator means the service provider to the Plan that is responsible for
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Benefit Administrator means Specialty Care Management, LLC.
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Benefit Administrator means the persons or entities designated by the Employer in Exhibit E to this Agreement. The Employer may at any time change the designation upon written notice to the Trustee.
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Benefit Administrator means Herminix (Pty) Ltd Registration number 2012/191099/07, Address is 12 Natalie Avenue, Murrayfield, Pretoria, 0184 and postal address is PO Box 496, La Montagne, Pretoria, 0184, a registered company according to the laws of the Republic of South Africa. Office number 012 111 0247 / 012 803 6533
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Benefit Administrator means the contractual service provider to the Plan, with the duties and responsibilities stated in contractual agreements with the Plan Administration Committee.
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Related to Benefit Administrator

  • XXXXX Administrator means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

  • SOFR Administrator means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

  • Contract Administrator means the person authorized to represent the City in respect of the Contract and is identified at the time of award of the Contract;

  • Settlement Administrator means the administrator proposed by the Parties and appointed by the Court to administer the Settlement.

  • Term SOFR Administrator means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion).

  • Third party administrator or "administrator" means the same as that term is defined in Section 31A-1-301.

  • Pharmacy benefit manager means a person, business or other