You can be the administrator or hire a 3rd party to be the administrator.
Duties include: �
- Make contributions in accordance to the plan.
- Keep the plan up to date and in compliance with all retirement plan laws.
- �Invest plan assets in accordance to the plan.
- �Provide information and required disclosures to plan participants. �
- Distribute benefits in accordance with the plan.
- Inform eligible employees about the plan.