The video by Derek Ray discusses the role of a plan sponsor, which is the entity providing and funding benefits, often an employer, but can also be a labor union, association of employers, or a governmental entity. It highlights the various decisions plan sponsors need to make, such as the types of benefits offered, eligibility criteria, and funding methods. The video also emphasizes the importance of considering the broader impacts of benefits decisions on all parties involved and the advantages of offering benefits on a group basis.
Contributors: Derek Ray, FSA, MAAA; James Lescoe, FSA, MAAA; Doug Norris, FSA, MAAA, PhD, Jon Forster, ASA, MAAA