Money Purchase Pension
Money purchase pension plans (MPPs) are an older style of retirement plan, but many still exist today. In an MPP, the employer commits annually to contribute a certain percentage of compensation for all eligible employees. Historically, these plans were often used to assist employers in augmenting their total plan contributions, but changes in the law and regulations now enable similar higher-level contributions without needing to utilize a MPP. Still, Kushner & Company is able to serve as a third-party administrator (TPA) of these types of plans.