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Employer Plan Sponsor

Meaning

An Employer Plan Sponsor refers to the organization, typically a company or institution, that establishes, funds, and administers benefit programs for its employees. Within the domain of health and wellness, this entity is responsible for designing and providing access to health insurance, retirement plans, and other ancillary benefits that support the overall well-being of its workforce. This role involves significant fiduciary responsibility concerning the allocation and oversight of resources dedicated to employee welfare.