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%.
Â§ 2510.3-16 Definition of âplan administrator.â. (a)In general. The term âplan administratorâ or âadministratorâ means the person specifically so designated by the terms of the instrument under which the plan is operated. If an administrator is not so designated, the plan administrator is the plan sponsor, as defined in section 3(16)(B) of ERISA.
Administrator: the person with the delegated responsibility for the operations covered by the policy document and is identified as the policy document owner. Approval Authority:a committee, position or individual with authority to approve policy documents.he term âinstructionsâ is defined in the âDefinitionsâ section. Policy Document Development and Review Procedure Effective Date: 21/05/2014 Reference Number/Code: 1166 Page 4 of 8 Once PRINTED, this is an UNCONTROLLED DOCUMENT.