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What is money purchase plan 2024?

Harper Adams | 2023-05-07 10:00:57 | page views：1639
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Lucas Evans

Works at the International Organization for Migration, Lives in Geneva, Switzerland.
A money purchase plan is a type of defined-contribution plan that is similar to a profit-sharing plan, except that the contribution amounts are fixed rather than variable. Thus, employers are required to make annual contributions to each employee's account regardless of the company's profitability for the year.
2023-05-15 10:00:57
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Emma Parker

QuesHub.com delivers expert answers and knowledge to you.
A money purchase plan is a type of defined-contribution plan that is similar to a profit-sharing plan, except that the contribution amounts are fixed rather than variable. Thus, employers are required to make annual contributions to each employee's account regardless of the company's profitability for the year.
Money Purchase Pension Plans - Bassett, Dawson & Foy
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