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.
A plan administrator is. responsible for managing the DB plan on behalf of participating. employers. Employers ensure adequate funding is available for. benefits for their employees. A defined contribution (DC) retirement plan is a deferred compensation. retirement savings account such as a 401(k) or 403(b) plan. DC plans. do not have any guaranteed benefits. Retirement benefits are. determined by contributions made to an individual account by the. participant, employer and investment earnings.