Pension Administration

Most pension plans are administrated by a board of trustees. The pension administration is tasked with a variety of obligations. The board oversees the investment of pension assets, distribution of plans, and review of complaints. If a pension plan owner has a concern or needs help with his or her pension plan, the pension administration addresses these needs. If a complaint is filed with the pension administration but remains unresolved, the pension owner can hire an attorney and take the matter to a public court. Depending on the type of pension, the administration may be made up of retired or long-employed individuals of the organization it represents. There are also several firms that specialize in pension administration.

Fast Facts

  • The National Institute of Pension Administrators represents the employee and retirement benefit plan administration profession.
  • The NIPA is a national association designed to improve the efficiency and quality of pension administration.

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