plan sponsor

plan sponsor
USA
As applies to employee benefit plans:
• The employer, in the case of a plan set up or maintained by a single employer.
• The employee organization, in the case of a plan set up or maintained by an employee organization.
• The association, committee, joint board of trustees, or other similar group of representatives of the parties who set up or maintain the plan, in the case of a plan set up or maintained:
o by two or more employers, or
o jointly by one or more employers and one or more employee organizations.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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