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 Glossary   >   M   >   "Money purchase plan" Definition   

        Money purchase plan

A defined benefit contribution plan in which the participant contributes some part and the firm contributes at the same or a different rate. Also called an individual account plan.

Money purchase plan


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Money purchase plan - A defined benefit contribution plan in which the participant contributes some part and the firm contributes at the same or a different rate. Also called an individual account plan.


Money purchase plan : a defined benefit contribution plan in which the participant contributes some part and the firm contributes at the same or a different rate. also called an individual account plan.