A plan administrator is a person or company responsible for managing a retirement fund or a pension plan on behalf of its participants and beneficiaries. The plan administrator is tasked with ensuring the funds are properly collected and distributed to all qualified participants.
Secondly, does Gannett have a pension plan?
Gannett Retirement Plan. Welcome to BenefitConnect, your online resource for the Gannett Retirement Plan.
In this regard, how much do retirement plan administrators make?
How much does a Retirement Plan Administrator make? As of Jul 17, 2021, the average annual pay for a Retirement Plan Administrator in the United States is $59,270 a year. Just in case you need a simple salary calculator, that works out to be approximately $28.50 an hour.
What is a benefits plan administrator?
Jean Murray. Updated March 30, 2021. A benefit plan administrator is a person or company that is responsible for the day-to-day management and operations of health benefits and pension plans on behalf of their participants and beneficiaries.
How do I contact Gannett?
Gannett Co., Inc. How can we help? For general questions, please call 703-854-6000. For additional assistance, select an area below.
Can my employer see my 401k balance?
Subject: Can employer see your 401k balance? Yes, whoever the plan administrator in your company can see your balance and your investment elections.
Can you lose your 401k if you get fired?
If you are fired or laid off, you have the right to move the money from your 401k account to an IRA without paying any income taxes on it. This is called a “rollover IRA.” … If they write the check to you, they will have to withhold 20% in taxes.
Can a company refuse to give you your 401k?
Your company can even refuse to give you your 401(k) before retirement if you need it. The IRS sets penalties for early withdrawals of money in a 401(k) account. … A company can refuse to give you your 401(k) if it goes against their summary plan description.