Administrative Charge


DEFINITION of 'Administrative Charge'

A fee charged by an insurer or other agency responsible for administering a group employee benefit plan to cover expenses related to record keeping and/or other administrative costs; also referred to an an "administrative fee".

BREAKING DOWN 'Administrative Charge'

Most agencies bill their client companies a flat dollar amount per employee on a quarterly or annual basis.

  1. Administrator

    1. A person empowered by a court to act for another person who ...
  2. Employee Benefits Security Administration ...

    A division of the Department of Labor (DOL) charged with enforcing ...
  3. High-Deductible Health Plan - HDHP

    A health insurance plan that has a high minimum deductible, which ...
  4. Selling, General & Administrative ...

    Reported on the income statement, it is the sum of all direct ...
  5. Expense

    1. The economic costs that a business incurs through its operations ...
  6. Accident And Health Benefits

    Fringe benefits provided to employees for sickness, accidental ...
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