Medicare payroll tax on earned income. The Medicare payroll tax is 2.9%. It applies only to earned income, which is wages you are paid by an employer, plus tips. Youâre responsible for 1.45% of the tax, and itâs deducted automatically from your paycheck. Your employer pays the other 1.45%.
Plan administrator. Plan Administrator. The person or company that manages a pension. That is, the plan administrator makes investment decisions with the contributions the employer and/or employees have made. The plan administrator is responsible for keeping the pension on sound financial footing.
1 Administrator (business) , a person responsible for the performance or management of administrative business operations.2  Administrator of the Government, in various Commonwealth realms and territories. Administrator (law) , a person appointed by a court to handle the administration of an estate for someone who has died without a will. 2  Administration (law) , a procedure under the insolvency laws of a number of common law jurisdictions. 3  Academic administration, administration of a school.