Profit Sharing/money Purchase Combination Plan


Definition of "Profit sharing/money purchase combination plan"

Jon Bothers real estate agent
Jon Bothers, Real Estate Agent Atlanta Communities - West Cobb

Joint profit sharing and money purchase plan that is appropriate for businesses that desire the funding flexibility of the profit sharing plan and the higher tax-deductible (25% vs. 15%) contribution of the money purchase plan. This combination of the two plans provides that the profit sharing contributions remain discretionary and the money purchase contributions remain mandatory.

 

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