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A. There are several, some more consequential than others, when looking at a sponsor apartment, say our experts. A sponsor apartment is a unit owned by the original owner or corporation responsible for turning a building from a rental into a co-op.
DEFINITION of 'Employer-Sponsored Plan'. A type of benefit plan that an employer offers for the benefit of his/her employees at no or a relatively low cost to the employees. If employees participate in the plan, they will benefit from its low-cost method of obtaining discounted services. The benefit to the employer is that initiating these plans usually has some tax-deductible component, and sponsoring benefits is generally a good method of retaining valuable employees. Next Up.