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APPARATUS AND METHOD FOR CREATING A RETIREMENT MEDICAL PROGRAM THROUGH A PROFIT SHARING PLAN AND A PENSION PLAN RETIREE HEALTH ACCOUNT
APPARATUS AND METHOD FOR CREATING A RETIREMENT MEDICAL PROGRAM THROUGH A PROFIT SHARING PLAN AND A PENSION PLAN RETIREE HEALTH ACCOUNT
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机译：通过利润分享计划和养老金计划退休人员健康账户创建退休医疗计划的装置和方法
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摘要
An employee benefit administration system and transform method for creating a defined contribution health care benefit. The system comprising: a Dual-Purpose Profit Sharing Plan; means for processing employee records for each of a plurality of employees, and for manipulating employee demographic data, personal data, employment data, payroll data, enrollment data, transaction data with employer plan data to account for plan activity over a predetermined time and to report compliance with relevant IRS Tax Code provisions; and means for storing the employee records and the manipulated data. The transform method implementing a definite predetermined formula to administer a payment mechanism that is a dual purpose profit sharing plan and at least one additional payment mechanism where such definite predetermined formula: calculates an allocation of contributions; calculates at least one disbursement of accumulated funds upon at least one predetermined event; and calculates distributions from at least one additional payment mechanism.
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