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 Qualified Retirement Plans
Money Purchase Pension Plans
A money purchase pension plan is a qualified employer retirement plan where each employee has an individual account in the plan. The employer makes annual contributions to each employee’s account, up to 25% of compensation, but generally no more than $40,000. Plan benefits consist of the amount accumulated in each participant’s account at retirement or termination of employment. For further information concerning this type of retirement plan, please contact us or your Financial Advisor.
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