{"ok":true,"canonical_url":"https://dealroom.so/glossary/plan-administrator","api_url":"https://dealroom.so/api/public/glossary/plan-administrator","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"plan-administrator","term":"Plan administrator","group":"People and paperwork","definition":"This is the individual or entity responsible for managing and overseeing an employee benefit plan, such as a 401(k) or pension plan. Their role is crucial for compliance and proper plan operation.","what_it_means":"When buying a business, you need to understand the existing employee benefit plans and who administers them. You'll either assume these plans, terminate them, or establish new ones. Review the plan documents and the administrator's role during due diligence to assess potential liabilities or transition costs.","url":"https://dealroom.so/glossary/plan-administrator","official_sources":[],"related":[{"slug":"key-employees","term":"Key employees","url":"https://dealroom.so/glossary/key-employees"},{"slug":"officers","term":"Officers","url":"https://dealroom.so/glossary/officers"},{"slug":"cpa","term":"CPA","url":"https://dealroom.so/glossary/cpa"},{"slug":"tax-returns","term":"Tax returns","url":"https://dealroom.so/glossary/tax-returns"}],"related_questions":[{"question":"Is a comprehensive business plan mandatory for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/is-a-comprehensive-business-plan-mandatory-for-an-sba-7-a-loan"},{"question":"Is a detailed business plan necessary for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-loans/basics/is-a-detailed-business-plan-necessary-for-an-sba-7-a-loan-application"},{"question":"How important is a business plan for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-loans/basics/how-important-is-a-business-plan-for-an-sba-7-a-loan-application"},{"question":"Does the SBA require me to create a formal business plan to apply?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-require-me-to-create-a-formal-business-plan-to-apply"},{"question":"What is the required timeframe for a lender to submit a liquidation plan?","url":"https://dealroom.so/for-lenders/questions/what-is-the-required-timeframe-for-a-lender-to-submit-a-liquidation-plan"},{"question":"How can life insurance facilitate a smooth succession plan for a family-owned business?","url":"https://dealroom.so/sba-7a/questions/how-can-life-insurance-facilitate-a-smooth-succession-plan-for-a-family-owned-business"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Plan administrator","url":"https://dealroom.so/glossary/plan-administrator","source_type":"DealRoom Data"}}