Pension sponsors
Organizations that have established a pension plan. |
Similar financial terms
Underfunded pension planA pension plan that has a negative surplus (i.e., liabilities larger than assets).
Pension plan
A fund that is established for the payment of retirement benefits.
Pension Benefit Guaranty Corporation (PBGC)
A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation).
Overfunded pension plan
A pension plan that has a positive surplus (i.e., assets exceed liabilities).
Contingent pension liability
Under ERISA, the firm is liable to the plan participants for up to 39% of the net worth of the firm.
Advance funded pension plan
Pension plan in which funds are set aside in advance of the date of retirement.
Plan sponsors
The entities that establish pension plans, including private business entities acting for their employees; state and local entities operating on behalf of their employees; unions acting on behalf of their members; and individuals representing themselves.
