The company or person selected by your employer to manage the 401(k) plan. The plan administrator could be your employer (an HR manager or benefits department manager, for example), or it may be an outside company hired for the purpose.
The plan administrator manages the day-to-day operations of the plan, including enrollment, investment selection, loans and withdrawals, and distribution requests. The plan administrator is usually the best starting point for questions you have about your company’s plan.
