Abstract: 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.

Abstract: 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.

Abstract: A process and system where such process implements a definite predetermined formula to allocate a value of a life insurance contract owned by one or more parties to support a payment mechanism owned by each party where such definite predetermined formula calculates an amount to allocate to the profit-sharing account of a plan participant and an amount to allocate to another party to support a workers' compensation purpose.

Abstract: A process and system where such process implements a definite predetermined formula to allocate a value of a life insurance contract owned by one or more parties to support a payment mechanism owned by each party where such definite predetermined formula calculates an amount to allocate to the profit-sharing account of a plan participant and an amount to allocate to another party to support a workers' compensation purpose.

Abstract: 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.

Abstract: A method and system for providing, administering, and coordinating a Dual-Purpose Profit Sharing plan (DPPSP). The method comprising the steps of: establishing the DPPSP as a qualified fund in accordance with Internal Revenue Service provisions; providing retirement benefits accident, and health benefits within the DPPSP; determining an allocation of employee contributions and employer contributions to the DPPSP between the retirement benefits, accident benefits and health benefits based on a predetermined formula; establishing that i) the employer contributions and ii) the accident and health benefits are excluded from taxation as income, based on federal income tax exclusion rules and offering the DPPSP.

Abstract: A machine and method of using the machine. The method includes: controlling a computer system comprising a digital computer processor to process input data into output data, the processor in communication with an input device, to receive the input data, and to an output device, to output the output data, the processor programmed so as to facilitate managing a dual purpose profit sharing plan cooperating with a pension plan such that money in an incidental account of the dual purpose profit sharing plan funds a retiree health account of an employee of an employer, and money in another account of the dual purpose profit sharing plan funds pension plan retirement income benefits of the employee.

Abstract: Method and apparatus to facilitate managing a lifetime security and protection scheme for one or more cooperative members and one or more health care providers; the apparatus controls a computer system with a processor programmed so as to facilitate managing a captive insurer arrangement where each cooperative member retains ownership in a separate and independent captive risk insurance pool from which each owner cooperative member acquires annuity income benefits, health insurance, or other security or protection insurance; where the system facilitates by providing payment calculations to be made from one cooperative member's captive risk insurance pool to another cooperative member's captive risk insurance pool or to the one or more health care providers to meet the value and purpose of the cooperating entity and provide each cooperative member with lifetime security and protection; and some of the output data includes the calculated payments.

Abstract: An apparatus and method of using the apparatuse. The method includes: controlling a computer system comprising a digital computer processor to process input data into output data, the processor in communication with an input device, to receive the input data, and to an output device, to output the output data, the processor programmed so as to facilitate managing a dual purpose profit sharing plan cooperating with a pension plan such that money in an incidental account of the dual purpose profit sharing plan funds a retiree health account of an employee of an employer, and money in another account of the dual purpose profit sharing plan funds pension plan retirement income benefits of the employee.

Abstract: A method and system for providing, administering, and coordinating a Dual-Purpose Profit Sharing plan (DPPSP). The method comprising the steps of: establishing the DPPSP as a qualified fund in accordance with Internal Revenue Service provisions; providing retirement benefits accident, and health benefits within the DPPSP; determining an allocation of employee contributions and employer contributions to the DPPSP between the retirement benefits, accident benefits and health benefits based on a predetermined formula; establishing that i) the employer contributions and ii) the accident and health benefits are excluded from taxation as income, based on federal income tax exclusion rules and offering the DPPSP.

Abstract: A method for providing a financial product that permits monies dedicated to a medical sub-account within a Dual-Purpose Profit Sharing plan (DPPSP) to maintain compliance with relevant IRS Tax Code provisions. The method comprising the steps of: establishing a document (MEDVAN) with provisions that maintain compliance with relevant IRS Tax Code provisions; add a provision to the document that assures all employer contributions made on behalf of the employee to the employee benefit plan are fully non-forfeitable; add a provision to the document that assures that all benefit payments to the primary and listed beneficiaries are exclusively for medical care; issue the MEDVAN to an employee benefit plan in exchange for a premium; and process payment requests from the MEDVAN based upon the medical needs of at least one employee listed as a beneficiary.

Abstract: A method for providing a Dual-Purpose Profit Sharing benefit plan (DPPSP) to employees. The method comprising the steps of: establishing the DPPSP as a qualified fund in accordance with Internal Revenue Service provisions; providing retirement benefits accident, and health benefits within the DPPSP; determining an allocation of employee contributions and employer contributions to the DPPSP between the retirement benefits, accident benefits and health benefits based on a predetermined formula; and establishing that i) the employer contributions and ii) the accident and health benefits are excluded from taxation as income, based on federal income tax exclusion rules.