Glossary · People and paperwork
Plan administrator
In short
This is the individual or entity responsible for managing and overseeing an employee benefit plan, such as a 401(k) or pension plan. Their role is crucial for compliance and proper plan operation.
What it means in a deal
When buying a business, you need to understand the existing employee benefit plans and who administers them. You'll either assume these plans, terminate them, or establish new ones. Review the plan documents and the administrator's role during due diligence to assess potential liabilities or transition costs.
Related terms
Common questions about Plan administrator
- Is a comprehensive business plan mandatory for an SBA 7(a) loan?
- Is a detailed business plan necessary for an SBA 7(a) loan application?
- How important is a business plan for an SBA 7(a) loan application?
- Does the SBA require me to create a formal business plan to apply?
- What is the required timeframe for a lender to submit a liquidation plan?
- How can life insurance facilitate a smooth succession plan for a family-owned business?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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