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Employee Benefits > Money Purchase Pension Plan
The following information is about Money Purchase Pension Plan.
Money Purchase Pension Plan Defined
A type of defined contribution plan under which the employer’s contributions are mandatory and are usually a fixed percentage of each participant’s compensation. A participant’s benefits are equal to the amounts accumulated in the participant’s individual account.
This definition is in context to Employee Benefits. See more contextual defintions for Money Purchase Pension Plan.
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