A pension plan fund

"A pension plan fund is established for the eventual payment of retirement benefits. A plan sponsor is the entity that establishes the pension plan. A plan sponsor can be: • A private business entity on behalf of its employees, called a corporate plan or private plan. • A federal, state, and local government on behalf of its employees, called a public plan. • A union on behalf of its members, called a Taft-Hartley plan. • An individual, called an individually sponsored plan. "