The phrase "administering the plan" is correct and usable in written English.
You can use it when discussing the implementation or management of a specific plan or strategy.
Example: "The team is responsible for administering the plan to ensure all objectives are met on time."
Alternatives: "executing the plan" or "managing the plan".
"They are very aware of the costs of administering the plan," he said of companies with 401 k)'s.
Judge Gonzalez left open the possibility of reconsidering his ruling if a motion was made by State Street, the Boston money management firm that is administering the plan.
This chapter does not prevent a Government pension plan from using the services of an enrolled actuary employed by an agency administering the plan.
Enron has said that a temporary freeze that kept some employees from shifting retirement investments was long planned and allowed another company to take over the job of administering the plan.
Except in circumstances involving excess contributions or termination of the trust, "the assets of a plan shall never inure to the benefit of any employer and shall be held for the exclusive purposes of providing benefits to participants in the plan and their beneficiaries and defraying reasonable expenses of administering the plan". § 403(c)(1), 29 U.S.C. 1103(c)(1).
ISS's recommendation on amendments to all plans (whether cash, stock, or a combination of the two) that only seek shareholder approval of performance metrics for Section 162(m) purposes (other than in connection with the first such approval following an IPO) will depend on whether the board committee administering the plan consists entirely of independent directors.
That's because the Employee Retirement Income Security Act, the law known as Erisa that governs retirement plans, prohibited advisers from recommending investments if they were paid for other services like administering the plans in the first place.
A unanimous high court said Monday that employers can be sued if they fail in their "continuing duty to monitor" mutual funds in 401(k) accounts for unnecessarily high fees, potentially shaking up the $5.8-trillion 5.8-trilliondmarketering the plans.
In those situations, the employer pays an insurance company to administer the plan but bears the cost of medical care directly.
