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 who does not provide plan materials to a participant or beneficiary as required or within 30 days of a written request may be personally liable to such person up to $110 a day, in the court's discretion (29 U.S.C.  1132(c)(1)(A) and 29 CFR  2575.502c-1).