PBGC Coverage

[nancy]

ERISA Section 4021©(2)(A)(i) defines a professional service employer as owned or controlled by professional individuals or by executors or administrators of professional individuals. What does "administrators of professional individuals" mean?

[jpod]

In this provision, "administrator" means the fiduciary appointed by a court to administer the estate of a deceased individual who died intestate (i.e., without a will). It has nothing to do with the concept of "plan administrator," if that's what you're wondering.