Participant definition: Copy, customize, and use instantly
Introduction
The term **"**Participant" refers to an individual who is enrolled in or covered by an employee benefit plan, such as a retirement plan, health plan, or other welfare benefits plan.
Below are various examples of how "Participant" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Participant" as an individual enrolled in an employee benefit plan
This definition ties "Participant" to its role in employee benefit plans.
"Participant" means any employee or individual who is enrolled in an employee benefit plan, including retirement, health, and welfare benefit plans, and who is eligible to receive benefits under the terms of the plan.
Definition of "Participant" as a beneficiary of a retirement plan
This definition connects "Participant" specifically to retirement plans.
"Participant" refers to an individual who has met the eligibility requirements to participate in a retirement benefit plan, such as a pension plan or 401(k), and is entitled to receive benefits or accrued contributions from the plan.
Definition of "Participant" as a member of a health benefits plan
This definition links "Participant" to health benefits plans.
"Participant" means an individual who is eligible to participate in a health benefits plan, including medical, dental, and vision coverage, and who is entitled to receive benefits under the terms of the plan.
Definition of "Participant" as an active employee in a plan
This definition applies "Participant" to active employees.
"Participant" refers to an active employee who is enrolled in an employee benefit plan and is currently receiving or entitled to receive benefits under the plan, based on their eligibility and participation status.
Definition of "Participant" as an individual with vested benefits
This definition connects "Participant" to vested benefits.
"Participant" means an individual who has accrued benefits in a plan and has met the requirements for vesting, making them eligible to receive those benefits upon retirement, termination, or other qualifying events.
Definition of "Participant" as an employee with rights to benefits
This definition ties "Participant" to their rights under the plan.
"Participant" refers to an employee or individual who has enrolled in an employee benefit plan and has the right to receive benefits, including retirement, health, and other welfare benefits, as outlined by the plan.
Definition of "Participant" as a member in a welfare benefit plan
This definition applies "Participant" to welfare benefit plans.
"Participant" means any individual who is enrolled in a welfare benefit plan, such as life insurance, disability insurance, or other non-retirement benefits provided by the employer.
Definition of "Participant" as a person covered by a pension plan
This definition links "Participant" to pension plans.
"Participant" refers to a person who is covered under a pension plan or similar retirement plan, who has the right to receive benefits upon reaching the required conditions for eligibility or retirement.
Definition of "Participant" as an individual entitled to make claims under the plan
This definition connects "Participant" to the right to make claims.
"Participant" means an individual who is eligible to make claims for benefits under an employee benefit plan, including claims for medical expenses, retirement distributions, or other covered benefits under the terms of the plan.
Definition of "Participant" as an employee on a leave of absence
This definition connects "Participant" to employees on leave.
"Participant" refers to an employee who is on a leave of absence but remains enrolled in the employee benefit plan and is entitled to continue receiving benefits under the terms of the plan during the leave period.
Definition of "Participant" as a former employee with plan benefits
This definition applies "Participant" to former employees.
"Participant" means a former employee who has terminated employment but retains rights to receive benefits under the terms of an employee benefit plan, such as pension or retirement plan benefits.
Definition of "Participant" as a spouse or dependent covered under a plan
This definition links "Participant" to family members.
"Participant" refers to an employee’s spouse or dependent who is covered under the employee’s benefit plan, such as health insurance, and is entitled to receive benefits as a dependent of the primary participant.
Definition of "Participant" as an individual receiving plan information
This definition connects "Participant" to receiving plan communications.
"Participant" means any individual who is enrolled in an employee benefit plan and receives information, notices, or communications related to the administration, rights, and benefits of the plan.
Definition of "Participant" as an individual whose rights are governed by ERISA
This definition ties "Participant" to ERISA.
"Participant" refers to any individual whose rights under an employee benefit plan are governed by the Employee Retirement Income Security Act (ERISA), including rights to benefits, claims procedures, and fiduciary protections.
Definition of "Participant" as an employee with election rights
This definition connects "Participant" to election rights in the plan.
"Participant" means an employee who has the right to make elections regarding the benefits offered under the plan, such as choosing plan options or contributing to a retirement plan.
Definition of "Participant" as an individual with eligibility to participate in plan changes
This definition links "Participant" to plan amendments or updates.
"Participant" refers to an individual who is eligible to participate in changes or amendments to the employee benefit plan, including any modifications to coverage, contribution rates, or benefit options.
Definition of "Participant" as an employee in a 401(k) plan
This definition applies "Participant" to 401(k) plans.
"Participant" means an employee who is enrolled in and contributing to a 401(k) retirement savings plan, eligible to receive benefits based on the plan’s terms and provisions.
Definition of "Participant" as an individual eligible for benefit distribution
This definition ties "Participant" to an individual who is eligible to receive benefits from a plan due to qualifying events like retirement or termination of employment.
"Participant" refers to an individual who is eligible to receive a distribution of benefits from an employee benefit plan, whether due to retirement, termination of employment, or other qualifying event under the plan.
Definition of "Participant" as an employee in a profit-sharing plan
This definition connects "Participant" to an employee who participates in a profit-sharing plan and is eligible for distributions based on the employer’s contributions.
"Participant" means an employee who is enrolled in a profit-sharing plan and is eligible to receive distributions or benefits based on the employer's contributions and the plan’s terms.
Definition of "Participant" as an individual with beneficiary rights
This definition links "Participant" to an individual who can designate beneficiaries to receive plan benefits after their death.
"Participant" refers to an individual who is enrolled in a benefit plan and may designate beneficiaries to receive plan benefits upon their death, as outlined by the terms of the plan.
Definition of "Participant" as a member of an employee stock ownership plan (ESOP)
This definition ties "Participant" to a person who is a member of an employee stock ownership plan, eligible for benefits related to company stock.
"Participant" means an individual who is a member of an employee stock ownership plan (ESOP), eligible to receive benefits related to ownership of stock in the employer's company as part of the plan's benefits.
Definition of "Participant" as a plan enrollee with rights to dispute resolutions
This definition connects "Participant" to the right to dispute eligibility, benefits, or claims under the plan’s procedures.
"Participant" refers to an individual enrolled in an employee benefit plan who has the right to dispute decisions made regarding eligibility, benefits, or claims under the plan, according to the plan’s dispute resolution procedures.
Definition of "Participant" as an individual in a defined contribution plan
This definition ties "Participant" to an individual enrolled in a defined contribution plan, where benefits are based on the account balance.
"Participant" means an individual who is enrolled in a defined contribution plan, such as a 401(k), and is entitled to contributions from the employer, with benefits based on the individual’s account balance.
Definition of "Participant" as an employee with survivor benefits
This definition links "Participant" to an employee whose dependents or beneficiaries are entitled to benefits upon their death.
"Participant" refers to an individual who has enrolled in an employee benefit plan that includes survivor benefits, and whose dependents or designated beneficiaries are entitled to benefits upon their death.
Definition of "Participant" as an individual participating in a flexible benefits plan
This definition connects "Participant" to an individual enrolled in a flexible benefits plan, where they can select benefits based on personal needs.
"Participant" means an individual who has enrolled in a flexible benefits plan (also known as a cafeteria plan) and is eligible to select benefits such as health coverage, life insurance, and retirement contributions based on personal needs.
Definition of "Participant" as an employee with pension plan entitlement
This definition ties "Participant" to an employee eligible for benefits from a pension plan upon meeting the plan’s criteria.
"Participant" refers to an employee who is eligible to receive benefits from a pension plan upon meeting the plan’s vesting and distribution criteria.
Definition of "Participant" as a participant in a health savings account (HSA)
This definition connects "Participant" to an individual enrolled in an HSA, eligible to make contributions and benefit from tax advantages.
"Participant" means an individual enrolled in a health savings account (HSA) and eligible to make contributions, withdraw funds for medical expenses, and benefit from tax advantages provided by the plan.
Definition of "Participant" as an individual entitled to medical coverage
This definition ties "Participant" to an individual who is eligible for medical coverage under an employer-sponsored health plan.
"Participant" refers to an individual who is eligible for medical coverage under an employer-sponsored health plan and is entitled to benefits under the terms of the plan.
Definition of "Participant" as an employee with disability benefits
This definition links "Participant" to an employee enrolled in a disability benefits plan, eligible for income replacement in case of disability.
"Participant" means an employee who is enrolled in a disability benefits plan and is eligible to receive income replacement or other benefits under the terms of the plan in the event of a qualifying disability.
Definition of "Participant" as a member of a collective bargaining agreement plan
This definition connects "Participant" to an individual who is part of a collective bargaining agreement and is entitled to benefits under the plan.
"Participant" refers to an individual who is a member of a collective bargaining agreement and is entitled to receive benefits under the terms of the employee benefit plan negotiated through the agreement.
Definition of "Participant" as a former employee eligible for retiree health benefits
This definition ties "Participant" to a former employee eligible for retiree health benefits under the employer’s healthcare plan for retirees.
"Participant" means a former employee who is eligible to receive retiree health benefits under the terms of an employer-sponsored healthcare plan for retirees.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.