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Money Purchase Pension Plans
Corporations, Sub-Chapter S, Self-Employed, Sole Proprietorships, Partnerships, LLCs and Non-Profits can establish money purchase pension plans. These plans must provide “definitely determinable benefits”.
The plan contains a contribution formula (such as a set percentage of compensation), which is chosen when the plan is adopted, and employers must meet minimum funding requirements – contribution is mandatory (not discretionary).
Plans must be established by fiscal year-end (December 31 for calendar year plan). |
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1-866-342-9434
