In a money purchase plan
the employer makes pro rata
contributions to all eligible company employees. The contribution percentage is
fixed from year to year and cannot be easily changed.
Money purchase plans are commonly used
by employers who want to offer employees a retirement plan and prefer a
fixed contribution limit, have
predictable cash flows and are willing to commit to the same percentage
contributions each year.
The above information
is not to be considered complete or
comprehensive*.
For additional information contact:
CAPITAL
SECURITIES
at 1-800-553-6700
*Please Note: The
information provided herein is strictly to be used as a convenience for our clients.
CAPITAL
SECURITIES makes no representation as to the completeness or accuracy of
any
information provided herein. The
information
provided is for informational and educational purposes only and should not be used to make a
decision to establish a retirement plan, buy or sell a security or mutual fund and is not intended for
trading or investing purposes. CAPITAL SECURITIES shall not be liable for
any errors in the content, or for any actions taken or reliance upon
information supplied. For additional information about any retirement
plans, mutual funds, to
receive a prospectus or to place an order to purchase or sell any mutual fund
shares or individual securities, please contact CAPITAL SECURITIES.