With a Money Purchase Pension Plan, your company makes fixed annual contributions to each participating employee’s individual account, in an amount annually specified in advance by the plan (usually as a percentage of income). Unlike profit sharing, this percentage is not tied to the company’s overall performance.
- contributions are mandatory
- employer defines eligibility
To start a Money Purchase Pension Plan at your company, please call a Frost Wealth Advisor at (888) 268-9202 or send us a secure message and we’ll contact you as soon as possible.