Single Employer Plan definition: Copy, customize, and use instantly
Introduction
The term “Single Employer Plan” refers to an employee benefit plan established and maintained by a single employer. These plans are designed to provide retirement or welfare benefits exclusively to employees of the employer. The term is most commonly used in the context of pension or retirement plans but can apply to other employee benefit schemes as well. The key characteristic of a single employer plan is that it is sponsored and funded solely by one employer, as opposed to multi-employer plans.
Below are various examples of how "Single Employer Plan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Single Employer Plan" for retirement benefits
This definition ties "Single Employer Plan" to retirement benefits.
"Single Employer Plan" means an employee benefit plan that is established and maintained solely by one employer to provide retirement benefits to its employees.
Definition of "Single Employer Plan" for health benefits
This definition connects "Single Employer Plan" to health benefits.
"Single Employer Plan" refers to an employee benefit plan established by an employer to provide health benefits exclusively to its employees.
Definition of "Single Employer Plan" for pension benefits
This definition links "Single Employer Plan" to pension benefits.
"Single Employer Plan" means a pension plan created by a single employer to provide retirement income to its employees.
Definition of "Single Employer Plan" for welfare benefits
This definition applies "Single Employer Plan" to welfare benefits.
"Single Employer Plan" refers to a benefit plan sponsored by one employer to provide welfare benefits, such as life insurance or disability coverage, to its employees.
Definition of "Single Employer Plan" for defined contribution plans
This definition ties "Single Employer Plan" to defined contribution plans.
"Single Employer Plan" means a defined contribution plan, such as a 401(k), that is established and funded exclusively by a single employer for its employees.
Definition of "Single Employer Plan" for defined benefit plans
This definition connects "Single Employer Plan" to defined benefit plans.
"Single Employer Plan" refers to a defined benefit plan that provides a specific retirement benefit amount, established and maintained by a single employer for its employees.
Definition of "Single Employer Plan" for tax qualification
This definition links "Single Employer Plan" to tax qualification requirements.
"Single Employer Plan" means a plan that meets the requirements set forth by the Internal Revenue Service (IRS) for tax-qualified employee benefit plans, provided by a single employer.
Definition of "Single Employer Plan" for retirement savings
This definition connects "Single Employer Plan" to retirement savings programs.
"Single Employer Plan" refers to a retirement savings plan, such as a 401(k), that is exclusively established and maintained by a single employer.
Definition of "Single Employer Plan" for ERISA compliance
This definition ties "Single Employer Plan" to ERISA compliance.
"Single Employer Plan" means an employee benefit plan governed by the Employee Retirement Income Security Act (ERISA) that is created and administered by a single employer.
Definition of "Single Employer Plan" for employee participation
This definition links "Single Employer Plan" to employee participation.
"Single Employer Plan" refers to an employee benefit plan where participation is limited to employees of a single employer.
Definition of "Single Employer Plan" for employer contributions
This definition applies "Single Employer Plan" to employer contributions.
"Single Employer Plan" means an employee benefit plan in which all contributions, whether financial or otherwise, are made solely by one employer for the benefit of its employees.
Definition of "Single Employer Plan" for sole sponsorship
This definition connects "Single Employer Plan" to sole sponsorship.
"Single Employer Plan" refers to a plan that is solely sponsored by one employer, with no involvement from other employers or third parties.
Definition of "Single Employer Plan" for plan administration
This definition ties "Single Employer Plan" to plan administration.
"Single Employer Plan" means an employee benefit plan that is administered by the employer or an appointed representative, with no participation or input from other employers.
Definition of "Single Employer Plan" for employee eligibility
This definition links "Single Employer Plan" to employee eligibility.
"Single Employer Plan" refers to an employee benefit plan that offers benefits only to employees of the sponsoring employer and sets forth eligibility criteria for participation.
Definition of "Single Employer Plan" for employer obligations
This definition connects "Single Employer Plan" to employer obligations.
"Single Employer Plan" means a benefit plan that imposes certain obligations on the employer, such as providing contributions or ensuring compliance with regulations, for its employees.
Definition of "Single Employer Plan" for collective bargaining
This definition ties "Single Employer Plan" to collective bargaining.
"Single Employer Plan" refers to an employee benefit plan established by an employer, without the involvement of unions or collective bargaining groups.
Definition of "Single Employer Plan" for voluntary benefits
This definition links "Single Employer Plan" to voluntary benefits.
"Single Employer Plan" means an employee benefit plan that includes optional benefits, which employees can choose to participate in, but is sponsored solely by one employer.
Definition of "Single Employer Plan" for collective employer contributions
This definition applies "Single Employer Plan" to collective contributions.
"Single Employer Plan" refers to a plan where the employer, either individually or as part of a group, makes contributions for the benefit of its employees.
Definition of "Single Employer Plan" for supplementary benefits
This definition ties "Single Employer Plan" to supplementary benefits.
"Single Employer Plan" means a benefit plan that supplements an employee’s wages or salary, provided exclusively by a single employer.
Definition of "Single Employer Plan" for retirement planning
This definition connects "Single Employer Plan" to retirement planning.
"Single Employer Plan" refers to an employer-sponsored retirement plan, such as a pension or 401(k), designed to provide employees with retirement benefits upon retirement.
Definition of "Single Employer Plan" for health insurance
This definition links "Single Employer Plan" to health insurance.
"Single Employer Plan" means a health insurance plan offered to employees of a single employer, typically covering medical, dental, and vision expenses.
Definition of "Single Employer Plan" for payroll deductions
This definition applies "Single Employer Plan" to payroll deductions.
"Single Employer Plan" refers to a benefit plan where employees’ contributions, such as for retirement savings or health benefits, are deducted directly from their paycheck by the employer.
Definition of "Single Employer Plan" for survivor benefits
This definition ties "Single Employer Plan" to survivor benefits.
"Single Employer Plan" means a benefit plan that provides survivor benefits to the beneficiaries of employees, sponsored solely by a single employer.
Definition of "Single Employer Plan" for employer-funded plans
This definition connects "Single Employer Plan" to employer-funded plans.
"Single Employer Plan" refers to a benefit plan where all contributions are made by the employer, and employees may or may not be required to contribute.
Definition of "Single Employer Plan" for non-discriminatory benefits
This definition links "Single Employer Plan" to non-discriminatory benefit offerings.
"Single Employer Plan" means a benefit plan that offers benefits in a non-discriminatory manner to all eligible employees of the employer, ensuring equal access to benefits.
Definition of "Single Employer Plan" for severance packages
This definition applies "Single Employer Plan" to severance packages.
"Single Employer Plan" refers to an employee benefit plan that provides severance pay or other benefits in the event of employment termination, sponsored by a single employer.
Definition of "Single Employer Plan" for compliance with IRS regulations
This definition ties "Single Employer Plan" to IRS compliance.
"Single Employer Plan" means an employee benefit plan that complies with the Internal Revenue Service (IRS) requirements for qualified plans and is maintained by a single employer.
Definition of "Single Employer Plan" for employer-funded life insurance
This definition connects "Single Employer Plan" to life insurance benefits.
"Single Employer Plan" refers to an employer-funded life insurance policy that provides coverage for the employees of the employer.
Definition of "Single Employer Plan" for employee stock ownership
This definition links "Single Employer Plan" to employee stock ownership plans (ESOPs).
"Single Employer Plan" means an employee benefit plan that allows employees to acquire ownership in the employer’s stock, sponsored solely by the employer.
Definition of "Single Employer Plan" for welfare and pension benefits
This definition ties "Single Employer Plan" to both welfare and pension benefits.
"Single Employer Plan" refers to a benefit plan that provides both welfare benefits, such as health coverage, and pension benefits, all sponsored and funded by one employer.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.