money purchase pension plan


A defined contribution plan in which the amount of contributions each employee receives from the employer is in proportion to that employee's wages. Unlike profit sharing plans, these contributions are mandatory every year, regardless of profits.

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You may want to offer a money purchase pension plan if you think that it will help you in the future.

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The money purchase pension plan was really important to us and it was good because it was in proportion to their wages.

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We set up a money purchase pension plan, and there were a few gripes from the employees but overall the move was accepted by the workforce.

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money order pension plan