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...More
3121 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...More
Health 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...More
Special 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...More
Affordable Care Act (ACA) Compliance Reviews: Is Your Health Plan in Compliance with the Affordable Care Act (ACA)? With the ACA’s 2014 effective date rapidly approaching, many employers are concerned about whether or not their existing health plan will meet the new regulations. Now there’s an affordable way to find out...More
Committed to Excellence
MidAmerica Administrative & Retirement Solutions, Inc., headquartered in Lakeland, Florida, provides innovative employee benefit programs to over 2,200 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. Our newest service offering, Affordable Care Act (ACA) Compliance Reviews, are designed as an affordable way to find out if your health plan meets the new 2014 regulations.
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.