Profit Sharingmoney Purchase

Definition of "Profit sharing/money purchase combination plan"

Gwendolyn  (Wendy) Baez
Gwendolyn (Wendy) Baez Florida Premier Realty

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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