An Independent TPA Solution to the New 403(b) Regulations: The Internal Revenue Service has issued new 403(b) regulations that require significant additional oversight by employers, including plan documentation, limits testing, and oversight of hardships, loans, and eligibility...
More3121 FICA Alternative (Premier) Plan: In 1990, the Omnibus Budget Reconciliation Act was passed. Government entities who exercised their Social Security Section 218 exclusion allowance were provided the option of giving...
MoreHealth Reimbursement Arrangement (HRA): Our Plan is a type of Health Reimbursement Arrangement (HRA). A HRA allows the Employer to make deposits on behalf of active Employees and/or Retirees. Deposits are made tax-free, carry over year-to-year...
MoreSpecial Pay Plan: The Special Pay Plan is designed to handle special forms of compensation in a tax-advantaged manner. These forms of compensation typically include unused sick leave and unused vacation pay...
MoreCommitted to Excellence
MidAmerica Administrative & Retirement Solutions, Inc., headquartered in Lakeland, Florida, provides innovative employee benefit programs to over 1,500 plan sponsors and close to a million employees across the country.
Originally formed in 1995, MidAmerica focused primarily on providing IRC Section 3121 FICA Alternative programs for government employers. This core business has grown dramatically and has expanded to include HRA & FSA administration, Special Pay programs, GASB 45 programs, and more recently, independent 403(b) and 457 Third Party Administration and Common Remitting services.
MidAmerica is one of the few Third Party Administrators who have completed annual SSAE 16 (formerly Type II SAS 70) Audits, and is focused entirely on the education and government marketplace.
News
- Wednesday, November 30, 2011
New Michigan State Tax Withholding - Wednesday, November 16, 2011
403(b)ulletin – Vol. XXI - Thursday, June 9, 2011
Special Pay Plan Newsletter – Vol. II
