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.
Online Customer Service. Preferred Benefit Administrators is a Third Party Administrator specializing in self-funded group health administration. As a result of our singular focus on self-funding, Preferred Benefit Administrators understands the critical need to tailor our services for each individual client. Preferred Benefit Administrators was founded in 1997 by Lisa Brower and Holly Coffey.