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A money purchase pension plan is an employer-sponsored retirement plan that is funded by the employer for the benefit of the employer and the employees. The main advantage to this type of plan is that the employer may contribute up to 25% of compensation to the plan. A disadvantage is that an employer contribution is required each year.
Money purchase plans are an excellent means for retirement savings and beneficial tax deductions for business owners.
Fremont National Bank & Trust Company offers flexible and affordable retirement programs to meet the needs of most employers. Among the features are:
- Retirement Gold Participant Account Internet Access and Voice Response.
- Variety of investment options - See more information under Investment Management.
- Daily valuation of Participant Accounts.
- "Turnkey" administration.
- Competitive pricing.
Contact Us to receive more information on money purchase pension plans. Let one of our qualified trust officers explain how to put these tax deductions to work for you. Schedule a no charge, no obligation consultation now!
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