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.
administrator. n. 1. a person who administers the affairs of an organization, official body, etc. 2. (Law) property law a person authorized to manage an estate, esp when the owner has died intestate or without having appointed executors.dministrator. noun manager, head, official, director, officer, executive, minister, boss (informal), agent, governor, controller, supervisor, bureaucrat, superintendent, gaffer (informal, chiefly Brit.), organizer, mandarin, functionary, overseer, baas (S.