What is the function of an RDS Authorized Representative?
An Authorized Representative is an individual to whom the Plan Sponsor has granted the legal authority to bind the Plan Sponsor to the terms of the Plan Sponsor Agreement in the RDS application. Examples of the Authorized Representative include the Plan Sponsor’s general partner, CFO, CEO, President, Human Resources Director, or an individual who holds a position of similar status and authority within the Plan Sponsor’s organization. For multi-employer plans, the Authorized Representative does not have to be an employee of the Plan Sponsor, but may be a member of the jointly appointed board of trustees, which includes both labor and management trustees. It is important to note, however, that only one individual at a time can serve in the role of Authorized Representative.
