Pension Plan Administrator
For smaller companies, and for simplicity and cost savings purposes, the employer may elect to be the company's pension plan administrator. However, as the number of employees grows, the task will often become more time consuming and complex and it is often more worthwhile for the employer to hire a professional to be the pension plan administrator.
In terms of fiduciary duty, the pension plan administrator has a duty to act in the interest of the plan's participants and not the underlying company.
Investment dictionary. Academic. 2012.
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