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Certain service providers, such as investment managers, have fiduciary responsibilities to the plan. [29] Certain transactions between the employer and the plan are prohibited. Certain transactions between fiduciary and the plan, or between the plan and certain "parties in interest" are prohibited (unless otherwise exempt). [30]
A physician assistant or physician associate (PA) is a type of healthcare professional.While these job titles are used internationally, there is significant variation in training and scope of practice from country to country, and sometimes between smaller jurisdictions such as states or provinces.
Originally the second of three degrees in sequence – Legum Baccalaureus (LL.B., last conferred by an American law school in 1970); LL.M.; and Legum Doctor (LL.D.) or Doctor of Laws, which has only been conferred in the United States as an honorary degree but is an earned degree in other countries. In American legal academia, the LL.M. was ...
Medical Laboratory Technician/Medical Laboratory Scientist/Medical Technologist (MLT, MLS, MT) Associate of Science in Medical (Clinical) Laboratory Sciences (ASMLS, ASCLS, degrees, MLT Certification Eligible if from a NAACLS accredited program)
The primary difference between a fiduciary and a financial advisor is that a fiduciary is legally obligated to act in a client’s best interest. This may seem like it should be the standard for ...
Stop-loss insurance is a form of reinsurance that insures self-funded plans and their assets. Due to the limited assets at the disposal of an average employer as compared to an insurance company, an employer could easily bankrupt itself if its employees incur a large number of high-dollar claims and the employer is unable to fund them all. This ...
The fiduciary standard entails certain obligations on the advisor that a non-fiduciary does not want to be held to. The fiduciary question is one of the most important questions you can ask an ...
Under the SE Tax Act, self-employed people are responsible for the entire percentage of 15.3% (= 12.4% [Soc. Sec.] + 2.9% [Medicare]); however, the 15.3% multiplier is applied to 92.35% of the business's net earnings from self-employment, rather than 100% of the gross earnings; the difference, 7.65%, is half of the 15.3%, and makes the ...