It refers to an institution that manages defined contribution pension plans.

 

(1) Record Keeping Services: a plan administrator records and keeps information related to participants and investment instructors (hereinafter referred to as "Participants"), notifies Participants of investment status, etc., summarizes investment instructions received from Participants, notifies an asset administrator of investment instructions, determines benefit eligibility.

 

(2) Plan Administrative Services: a plan administrator selects and presents investment products, and provides information on investment products.