money purchase plan

A defined-contribution plan that provides for mandatory employer contributions without regard to employer profits.

• Contributions are frequently stated as a percentage of employee compensation. [Cases: Pensions 28. C.J.S. Pensions and Retirement Plans and Benefits §§ 11–15.]

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译者Henry，毕业于世界顶级翻译学院，擅长翻译各种与企业管治相关的法律文件。