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Money Purchase Plan

Money Purchase Plans let you reward employees while taking advantage of the maximum employer tax deductions available. And, if you don’t have any employees, you can use the plan to maximize your annual contribution for yourself.

Money Purchase Plan requires the same employer contribution percentage each year, but offers flexibility in plan design to meet your company’s needs.

Money Purchase Plan Benefits

• The amount contributed annually can go as high as 100% of an employee's compensation or $45,000, whichever is less
• Vesting schedule of up to seven years (six years for matching contributions)
• Tax-deductible employer contributions (up to 25% of total payroll compensation)
• Investment earnings are tax-deferred until withdrawn, subject to certain restrictions 
• Wide range of investment products—choose from a variety of investment choices, including stocks, bonds, and mutual funds
• Dedicated and responsive service team
• Internet and toll-free phone access to plan and participant account information
• Comprehensive employee education program*

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