Administrative Charge
Barron's Insurance Dictionary:
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Administrative Charge
Billing by an administering agency for expenses associated with administering a group employee benefit plan.
| Administration Bond, Administration, Administering Agency | |
| Administrative Expenses, Administrative Law, Administrative Services ONLY(ASO) |
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Administrative Charge
Investopedia Financial Dictionary:
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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".
Investopedia Says:
Most agencies bill their client companies a flat dollar amount per employee on a quarterly or annual basis.
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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