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.
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.